News

Tineke Frikkee has bought into Lloyds as a play on the housing recovery, in one of her first trades since joining Smith & Williamson to run its £9m UK Equity Income trust.

Markets across the continent were lower in morning trading as investors reacted to heavy selling in emerging markets.

A boutique wealth manager offering a bespoke private client service is to launch its first retail fund as it seeks to diversify its business.

Hargreaves Lansdown is in talks with a number of fund groups to secure exclusive deals to sell their passive products at discounted prices.

Fidelity Worldwide Investment has expanded its regional equity income fund range with the launch of an onshore Asian income fund for manager Polly Kwan.

S&P Capital IQ is to explore strategic alternatives for its fund research business following an internal review.

Leading UK companies' profits dropped 34% over the year to end-March, according The Share Centre's Profit Watch UK research report.

Taxpayer-owned Royal Bank of Scotland could miss its end-2013 deadline to sell 316 branches, a potential bidder has said.

With true alpha proving ever harder to come by, it is no surprise that articles highlighting some of the top performers of recent years proved among the most popular of this week's stories.

The managers of PIMCO's $28bn income range have upped exposure to the US mortgage sector after May and June's sell-off.