News

Royal Bank of Scotland shares rocketed this morning after the bank said it expects a big jump in profits in H1.

Lloyds Banking Group is preparing to pay fines to UK and US regulators over its involvement in the LIBOR fixing scandal.

Miton saw significant outflows from its multi-asset range in H1, before it handed the funds over to David Jane.

The Royal Bank of Scotland (RBS) expects profits to jump in the first half of the year, although its CEO has warned litigation issues could still hit future revenues.

Legg Mason has announced it intends to buy Martin Currie in the last quarter of the year for an undisclosed sum.

Emerging market equities are hovering near highs last seen in January 2013, after China posted stronger-than-expected economic data.

Psigma's Tom Becket has taken profits in Europe after valuations became "unjustifiable".

Platform Parmenion has reported a surge in profits of more than 100% in the last year, after its assets under management rose above £1bn.

Ashcourt Rowan has grown its investment team after hiring two investment directors from HSBC Global Asset Management.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.