News

Exposure to financials has been the key performance driver for Kevin Doran's IFDS Brown Shipley Sterling Bond fund, which has gained the top spot in the IMA £ Corporate Bond sector this year.

Positive data pointing to the increasing pace of the UK economy is putting the Bank of England (BoE) under greater pressure to rein in market expectations of an interest rate rise.

Former Investec energy specialist Mark Lacey is to join Schroders.

Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.

Investment companies may have to change the way they pay for research from banks, as the practice comes under the regulator's microscope.

Fred Goodwin's 'details orientated' management style - which included introducing thousands of custom-made round-topped storage units to deal with his growing irritation over piles of paper - has been showcased in a new book.

Top fund managers have expressed anger over Co-operative Bank's £1.5bn rescue plan and warned its risk a full-scale investor rebellion if it fails to deal with its bondholders.

UK income managers may be set for a huge boost if Vodafone agrees to sell its 45% stake in Verizon Wireless, but any deal could create longer-term problems for the UK dividend market.

Old Mutual's Richard Buxton has warned investors in the housebuilding sector the UK is far from experiencing a housing boom.

Investment managers are beginning to question the value of holding gold for diversification purposes, as its correlation to equity markets soared to 65% this year.