News

Sven-Goran Eriksson, the former England football manager, has hit out at the adviser who he claims cost him £10m, labeling him the "only person on earth I hate."

The Financial Conduct Authority (FCA) has written to advisers asking them why they failed to comply to its redress scheme rules in reporting back on the number of eligible Arch Cru claimants they had on their books.

Wealth managers have been shifting assets out of fixed income and into property as the unloved sector comes back onto investors' radar.

The UK economy grew by 0.7% in the second quarter of 2013, a higher than previously estimated figure, according to latest figures from the Office for National Statistics.

SVM's World Equity fund, run by Neil Veitch, has benefited from a pickup in merger and acquisition (M&A) activity this year, with a number of takeover targets giving his fund a lift.

Improving factory data and a sliding yen helped lift Japanese shares overnight, amid a positive session for Asian markets in general.

US stock exchanges halted all trading in companies listed on the Nasdaq on Thursday after a "serious" technical issue stopped it from quoting share prices accurately.

Guy Monson, CIO of Sarasin & Partners, has outlined a number of key risks which could impact rising global equity markets as we head into 2014, amid the well-flagged move by the US central bank to wind down QE.

The tapering of bond purchases in the US will not lead to interest rate rises, and could in fact prolong record low rates, M&G's Richard Woolnough has said.

Invesco Perpetual's star manager Neil Woodford has warned that the UK market is likely to see a rise in short-term volatility as the US withdraws monetary support.