News

Wrap platform Novia has said it will no longer accept cash rebates on new or legacy business from April 2014.

Shares in Facebook have passed their previous high of $45, set on their first day of trading in May 2012.

The Royal Mail is to be privatised within weeks, giving every person in the country a chance to take a stake in the business.

Old Mutual has replaced Jupiter and Newton on a number of mandates within its £234m European Best Ideas fund with a range of in-house Old Mutual managers and Alken's Nicolas Walewski.

Bond fund managers who bought into the US dollar-denominated issuance from Verizon have seen an immediate boost to performance after the bargain-basement priced bonds saw values jump and yields come in.

The number of funds on Hargreaves Lansdown's Wealth 150 list has fallen below 100 for the first time after the removal of two more offerings.

Shares in Apple have plummeted more than 5% this afternoon, after a disappointing reception for the tech giant's two new iPhone models released last night.

Skagen has appointed a new portfolio manager, Hilde Jenssen, to the emerging markets focussed Skagen Kon-Tiki team.

The Ignis International China fund has had consistently strong performance over the past three years, and manager Diamond Lee has revealed the five stocks powering it to the top.

Jane Lowe, director of markets at the Investment Management Association (IMA), is to exit the UK-based trade body in November.