News

UK consumer price inflation has moved sharply higher in June, a surprise jump which may strengthen the case for an earlier-than-expected base rate rise.

Hargreave Hale is to open a York office after the hire of three investment managers - including a JM Finn employee who became involved in a legal dispute with his former firm.

Investors buying Scottish shares 60 years ago will have seen only half the returns enjoyed by those owning the rest of the UK's listed companies, according to a mocked-up 'Scotsie 100' index.

Miton Group UK equity income manager Bill Mott is to retire from fund management at the end of the year.

Platforms are racing to update their conversion programmes as advisers complain about hefty charges when switching clients into clean share classes.

European equity fund manager Michael Clements and a member of his team are to leave Franklin Templeton.

The Co-operative Bank has received a £100m cash injection from its former parent as part of attempts to fill a £1.5bn black hole.

Neil Woodford is running his largest allocation to overseas stocks since 2013 as he begins management of his new UK equity income fund.

The head of the Bank for International Settlements (BIS) has warned the global financial system is at risk of a second crisis, which could be worse this time around due to higher borrowing in both developed and emerging markets.

The managers of the Ruffer investment company have made back two-thirds of their 2009 investment into distressed assets amid more favourable market conditions for some illiquid strategies.