News

Fidelity's Sanjeev Shah has said he is "not burnt out" as he prepares to step down from fund management - and has warned a period of market consolidation lies ahead.

Miton has appointed former J.P. Morgan Asset Management investment trust head David Barron as director of investment trusts and product strategy.

Michael Konstantinov, manager of the £356m Allianz BRIC Stars fund, is to leave the group to pursue other opportunities.

Sanjeev Shah is to step down as manager of Fidelity Special Situations at the end of 2013, while colleague Allan Liu is to step back from the group's UK-domiciled South East Asia fund.

The FTSE 100 has endured a volatile start to the morning after reports of a missile launch in the East Mediterranean rattled investors.

The Financial Conduct Authority (FCA) has fined Aberdeen £7.2m for failing to protect client money in relation to money market deposits.

The Financial Ombudsman Service (FOS) handled more than 327,000 complaints in the first half of the year, a record for the organisation, figures published today show.

Shares rose across Asia overnight on positive manufacturing data from China, which analysts said marked a turning point for the region.

The IMA has created two new regulatory affairs director roles as part of a restructure to help the trade body meet its strategic priorities.

Canada Life Investments has hired Nigel Kennett from Nomura International as senior fund manager on the UK equities desk.