News

European regulators are to pull back from proposals which seek to end fund managers' use of dealing commissions to pay for research, according to reports.

Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.

The Financial Conduct Authority (FCA) has fined five banks a total of £1.1bn following its investigation into alleged foreign exchange market manipulation.

The high yield bond sector saw its worst third quarter for three years, but the sharp falls are a good entry point for investors, according to Legg Mason affiliate Western Asset.

L&G's asset allocation team predicts the most likely date for an interest rate rise will be May 2015, despite a clash with next year's general election.

Vodafone's share price shot up 5.7% this morning after the telecommunications giant increased its earning forecast and announced ambitious product development plans.

Kames Capital has appointed former SWIP global equities manager Craig Bonthron to its global equities team.

Multi-asset managers are reducing their UK equity positions on fears next May's general election could hit sterling and weigh on valuations.

Japan's Nikkei index closed at a seven-year peak this morning, following a significant purchase of ETFs by the Bank of Japan after Monday's trading ended.

Andrew Fleming, former CEO of Kames Capital, will replace the retiring chairman of the JP Morgan Japanese investment trust next month.