News

Henderson Global Investors' head of global property equities Patrick Sumner is to retire in June after 17 years at the group.

The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.

The Nikkei index climbed to a five-week high overnight as a weak yen - and positive pensions news - provided a boost for shares.

Schroders today said profits at its wealth management business had rebounded sharply following the takeover of Cazenove in July, while asset management profits also jumped as the business moved on from the loss of star manager Richard Buxton.

Lloyds Banking Group has said it intends to pay its chief executive £4.9m in 2014, as well as paying some staff bonuses worth double their annual salaries.

Today is the fifth anniversary of the Bank of England's historic rate cut to 0.5%, with income stocks having enjoyed huge inflows following aggressive monetary policy, but which still look attractive?

M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.

Jupiter shares have fallen almost 5% in morning trading after TA Associates sold its final 10.6% stake in the company.

The Bank of England has suspended an employee as part of a probe into manipulation of the foreign exchange market.

Franklin Templeton has completed a rejig of its UK sales team after hiring Mark Dunn from Carmignac.