News

PIMCO is continuing its expansion into equities with a number of new funds.

Britain's two state-backed banks have retreated from lending to the London property market since the financial crisis, in a sign of caution amid fears of an inflating housing bubble.

A row has broken out over the cost of setting up all of the public bodies needed in an independent Scotland.

The 'considerable reversal' in the fortunes of mid- and small-cap stocks seen since the start of March is likely to continue as large caps come back into favour, according to Jupiter's John Chatfeild-Roberts.

US pharmaceutical giant Pfizer has abandoned its plans to buy AstraZeneca following an unsuccessful pursuit of its UK rival.

Newly-launched boutique Sanditon Asset Management, formed by ex-Cazenove managers Tim Russell and Chris Rice, is poised to launch an investment trust within the next four weeks.

Lloyds Banking Group has announced plans to float a 25% stake in its TSB business next month in a bid to meet European rules on state aid for banks.

Mid-cap stocks have suffered a harsh and indiscriminate sell-off in recent weeks, and managers have pointed to liquidity concerns as a possible trigger for the falls.

Canada Life Investments is going head to head with absolute return giants by launching a new targeted volatility strategic fund, Investment Week can reveal.

A financial adviser has been jailed for three years after admitting 13 counts of theft from his pensioner clients.