News

The British Chambers of Commerce (BCC) has sharply increased its forecast for economic growth in the UK for 2013.

Managers at Odey and M&G have taken opposing views on the fortunes of Aberdeen Asset Management as the impact of the emerging market sell-off polarises opinions.

Hedge fund manager Hugh Hendry moved to play the summer EM sell-off by pitting 'good' emerging markets against struggling peers.

PIMCO, the world's largest bond house, lost its position as the best-selling fund group in Europe in the first half of the year.

The US economy expanded at a much greater rate than expected, according to latest figures released this afternoon, helping push benchmark US treasury yields back up to 2.82%.

The chairman of Zurich insurance group has resigned days after the apparent suicide of chief financial officer Pierre Wauthier.

Skandia UK sales director Steve Powell is to retire at the end of the year after 23 years with the group.

Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m - four times its losses in 2011 - as a provision for a regulatory fine took its toll.

Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.

UK net retail fund sales reached their highest level in over two years in July as investors shrugged off June's market volatility.