News

GLG Partners has promoted Jack Barrat to co-manager of its Undervalued Assets fund.

Rayner Spencer Mills Research has expanded its fund research service to include ratings for multi-asset fund ranges and sustainable responsible investments.

Sterling has fallen back below $1.69 after worse-than-expected borrowing figures disappointed those investors hoping for further confirmation the economy is back on track.

Royal Mail has reported a rise in operating profits in its first set of full-year results since floating on the stock market.

Lawyers representing Arch Financial Products (AFP) directors Robin Farrell and Robert Addison today suggested regulatory rules in place at the time their clients are accused of acting "recklessly" in managing the CF Arch cru fund range were unclear.

Asset manager River and Mercantile plans to float on the main market, following its merger with investment consultancy firm P-Solve earlier in the year.

Oil giant Royal Dutch Shell will cancel its scrip dividend programme in the second quarter of the year.

Kames Capital's CEO Martin Davis warned the Scottish independence debate will be much closer than anticipated, resulting in wide and long lasting ramifications for the UK and Europe.

AXA IM has urged AstraZeneca to reconsider its rejection of a £69bn takeover bid by Pfizer as fund managers take opposing sides in advance of an imminent deadline for discussions to begin.

Sterling has spiked further against the dollar and other currencies after strong retail sales and minutes of the latest Monetary Policy Committee meeting stirred up the rate hike debate.