News

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

Sanlam International Investments is to significantly increase its stake in boutique FOUR Capital in order to work more closely with the business.

RBS expects to "significantly outperform" its estimates for dealing with impaired loans in 2014, according to a trading update.

Franklin Templeton is to rebrand Colin Morton's UK Blue Chip fund as the Franklin UK Rising Dividends fund in a bid to make it more attractive to those seeking a growing income stream.

Tesco has created £2.5bn in credit reserves as senior management seek to deal with a £250m accounting error, falling shares, and the potential for ratings downgrades.

Regulation

The latest retail sales figures published by the Investment Management Association (IMA) have revealed a fall in inflows to a level last seen in January 2013.

The Financial Conduct Authority (FCA) has charged the former treasurer and head of tax at supermarket giant Morrisons with insider dealing.

GLG Partners is to soft close Stephen Harker's GLG Japan CoreAlpha strategy, two years after it reopened to investors, following a huge climb in AUM, Investment Week can reveal.

Old Mutual Wealth chief executive Paul Feeney has told analysts that platforms must seek to integrate with other businesses if they are to survive in the coming years.