News

A tax avoidance scheme which abused the reliefs offered for research into life-saving vaccines in order to claim back £77m in tax has been rejected again by a tribunal.

Markets across the globe were mixed overnight as investors reacted to a series of stimulus measures introduced in Europe to stave off the downturn.

Shares in BP slumped late on Thursday after the group was found by a US judge to be "grossly negligent" and "reckless" in the Gulf of Mexico four years ago.

Richard Pursglove has exited Artemis Fund Managers after just a year at the group.

The European Central Bank has cut its headline interest rate by ten basis points to 0.05%, prompting the euro to slump against the dollar, and said it will begin a long-awaited asset purchase programme in the coming months.

Former Iveagh CIO Chris Wyllie has joined wealth manager Connor Broadley to run its discretionary investment service.

AXA Investment Managers is to move away from dual pricing on its Framlington range of equity funds in order to protect existing investors.

Fidelity Worldwide Investments is preparing to launch a high conviction Asian equities fund for Anthony Srom.

Standard Life shareholders are set for a £1.75bn payout after the firm announced the sale of its Canadian business to a subsidiary of Manulife.

The CBI business lobby group has predicted UK growth will slow in the second half of the year as productivity weakness and slower wage growth bites.