News

Neil Woodford has said he plans to create a major asset management business, rather than a simple boutique, as he begins life at Woodford Investment Management.

Aberdeen has reported £8.8bn in net outflows for the six months to 31 March 2014 despite redemptions slowing in the final month of the period.

Barclays' profits have fallen in the first quarter with the investment bank suffering almost a 50% drop in profits, according to its quarterly report.

Equinti Group is in exclusive discussions to take ownership of D2C platform Selftrade as French parent Boursorama cuts its losses on the business.

Bond managers have welcomed a series of European high yield ‘megadeals' offering a cheaper alternative to typical issuance.

Aberdeen Asset Management completed the acquisition of Scottish Widows Investment Partnership (SWIP) last night, paying £550m for the business.

Royal Bank of Scotland has announced profits of £1.6bn for the first quarter of 2014, far surpassing expectations and sending shares soaring over 10%.

Pfizer, the US pharmaceuticals giant which today raised its offer for UK rival AstraZeneca, has written to Prime Minister David Cameron in an attempt to appease fears over the impact of any takeover.

US giant Pfizer has made an improved offer to buy AstraZeneca, the UK's second largest pharmaceuticals company, raising its bid to £50 a share.

Invesco CEO Martin Flanagan has played down analyst concerns over further UK equity income outflows as former employee Neil Woodford prepares to launch his own fund.