News

US authorities have hit French bank BNP Paribas with a giant $8.9bn (£5.2bn) fine for breaking trade sanctions.

Multi-managers Alan Thein and Tim Gardner have left L&G Investments following a review of the division.

Talk about an impending interest rate hike is building in the UK, despite recent mixed messages from Bank of England Governor Mark Carney. However, one of the UK's leading investors, Neil Woodford, is not expecting an imminent rise, and these three charts...

BNY Mellon Investment Management has launched the BNY Mellon Absolute Insight fund, a UCITS product for European investors which mirrors the £692m Absolute Insight fund.

Two-thirds of UK fund managers believe interest rates will rise before the second half of 2015, despite the more cautious tone set most recently by Bank of England Governor Mark Carney, a study has found.

Fidelity Worldwide Investment is to change manager on its £432m European Opportunities fund later this year, bringing in a manager who has been running offshore mandates.

Labour will reverse an impending cut in corporation tax if elected next year, but is committed to maintaining the lowest level of all G7 countries, shadow chancellor Ed Balls is expected to say on Monday.

The Conservatives are said to be planning to merge national insurance into income tax in a major shake-up of the current tax system.

The reversal of fortunes for the IMA UK All Companies sector this year has again raised the question of whether investors' buying patterns are leaving them exposed to market corrections.

The outgoing Bank of England (BoE) deputy governor Sir Charlie Bean has said it is "reasonable" to expect interest rates to return to 5% within a decade.