Richard Buxton's decision to leave Schroders for Old Mutual Global Investors (OMGI) in March has helped boost a number of UK equity funds as investors switched holdings.
Fitch has become the first ratings agency to threaten a US credit ratings downgrade over the latest debt ceiling impasse.
Key Neil Woodford holdings including Capita and BAE Systems dropped sharply in late trading yesterday as news of the manager's 2014 departure from Invesco Perpetual filtered through.
News that the UK's best known fund manager Neil Woodford is leaving Invesco Perpetual after 25 years has caused leading fund brokers to suspend their ratings of his portfolios.
Shares in the Edinburgh investment trust were selling off this afternoon after the shock news Neil Woodford will be leaving Invesco Perpetual in April.
Neil Woodford is to leave Invesco Perpetual next April to set up his own business, the group has announced.
Barclays head of compliance Hector Sants is taking a leave of absence due to a diagnosis of stress and exhaustion.
The Financial Conduct Authority (FCA) has confirmed it will in future publish information about proposed enforcement actions, naming firms and individuals, before deciding whether it will take action.