News

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.

Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today's market environment, said Société Générale's Albert Edwards.

Mirabaud has seen the departure of portfolio manager Malcolm White from its global equities desk.

M&G is to launch a Global Corporate Bond fund for Ben Lord next week, Investment Week understands.

Legal & General Investment Management (LGIM) has appointed Justin Onuekwusi as lead manager of its newly-launched Multi-Index range.