News

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it cancel its full-year dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

Risk-managed funds will overtake annuities to become the preferred retirement income strategy over the next decade, according to an Aegon adviser survey.

First State is planning to merge away Jonathan Asante's offshore Global Emerging Markets Select fund, saying it is "increasingly difficult" to run a concentrated large-cap EM portfolio.

Transact has stated its intention to float following its failure to secure a buyer last year.

The eurozone slid into deflationary territory in December for the first time in five years, according to preliminary figures released today.

The precipitous decline in the oil price has continued this morning, with a further slump in Brent crude seeing it trade below $50 for the first time in more than five years.

Hargreaves Lansdown employee Rayhan Qadar has been sacked after posting a message on social network Twitter which suggested he had been involved in a hit and run incident.

New documents show the Bank of England was seemingly unaware of the impending financial crisis in the weeks prior to its emergence.

Former PIMCO manager Bill Gross believes the 'good times are over' for markets and has told investors they should be content with low returns this year.

Baillie Gifford partner Tom Slater has been promoted to co-manager of Scottish Mortgage, the UK's largest investment trust, alongside James Anderson.