News

Shares in some of the UK's leading retailers - including Morrisons and Tesco - were tumbling this morning as poor Christmas trading impacted retail bellwethers.

Rathbone Brothers has seen a successful 2013, with total funds under management rising 22% by the end of the year to £22bn.

Japan is the "most interesting place" to take equity market risk thanks to Abenomics, according to the managers of the Ruffer investment trust.

Dalton Strategic Partnership has appointed former GLG fund manager Mark Greenhoff as senior analyst on the Melchior European equity team.

The Federal Reserve saw jobs growth in the US as the trigger to begin tapering QE, and has raised its economic growth forecast, the minutes of the last Federal Open Market Committee (FOMC) meeting reveal.

Analysts at Canaccord Genuity have raised their price target for Aberdeen Asset Management by more than 10% following its deal to buy Scottish Widows Investment Partnership (SWIP).

The managers of the £3bn Scottish Mortgage investment trust have added a number of idiosyncratic stocks to their portfolio in the belief that 'safer' companies could be set for a fall.

Invesco Perpetual's Paul Read is maintaining high liquidity levels across all the group's bond funds at the start of this year as "difficult" markets persist.

Pictet Asset Management has poached emerging market debt specialist Luke Chua from Schroders.

The US dollar is closing in on a five-year high versus the yen, with gold heading towards a one-year low, ahead of the release of minutes from the Federal Reserve's historic December meeting.