News

Value is drying up among the largest investment trusts in the market, with discounts shrinking as buyers favour more liquid products.

BlackRock has hired Helen Zhu from Goldman Sachs as head of China equities for Andrew Swan's team.

Close Brothers has reported rising profits for the six months to January, with its broker arm Winterflood especially benefiting from improved trading conditions.

THE BIG QUESTION

Simon Ellis, the former managing director of L&G Investments' unit trust business, has joined HSBC Global Asset Management.

Barclays Stockbrokers has cut the charge on its self-invested personal pension (SIPP) just weeks after revealing its clean pricing structure.

Peter Mann is to retire from Old Mutual Wealth in the middle of 2014.

Suggestions 2013-2014 has seen the return of a stockpickers' equity market are "rubbish", according to Threadneedle head of UK equities Simon Brazier.

Ignis is to shut Graham Ashby's UK Enhanced Income fund and Mark Holden's UK Focus as it moves to streamline its range of products.

The FTSE 100 got off to a positive start on Monday, with shares shrugging off weak data from both China and Japan to move higher.