News

Aberdeen Asset Management has confirmed rumours it is in talks to buy Scottish Widows Investment Partnership (SWIP) in a deal which would make it the largest listed fund management firm in Europe.

AXA Wealth recorded a 45% rise in assets under management at its Elevate platform in the third quarter of the year, helping the group push its overall assets toward £25bn.

Hargreaves Lansdown's head of research Mark Dampier has sold a portion of his stake in the platform giant for more than £620,000.

UK GDP growth was 0.8% in the third quarter of the year, according to the first estimate from the Office for National Statistics (ONS).

The regulator is moving away from an over-reliance on static rules and regulations to a "good judgment" approach, and expects the industry to follow suit, Martin Wheatley has said.

Bank of England Governor Mark Carney has promised to keep interest rates lower for longer, ahead of the release of UK GDP growth data for the third quarter.

The FTSE 100 opened above 6,700 on Friday as a pick-up in Chinese manufacturing data boosted mining stocks.

UBS has upgraded Aberdeen Asset Management from neutral to buy after the group confirmed it is in talks to buy Scottish Widows Investment Partnership (SWIP).

George Shaw, manager of the Ignis UK Property fund, has highlighted five key reasons to invest in property, as the asset class begins to capture investors' attention once again.

Katharine Dryer has joined Jupiter as product specialist for its fixed interest and multi-asset team.