News

Analysts expect Q1 GDP growth for the UK to hit 0.9% when the data is released this morning, marking the highest quarterly level since 2010.

Oil major BP reported Q1 profits of $3.2bn, compared to $4.2bn in the first three months of 2013.

Wealth management firms are making final preparations for the introduction of US tax regime FATCA as the 5 May registration deadline approaches.

L&G Investments is to make two further hires for its fixed income team following news of the departure of manager Richard Hodges, who will leave the group in October.

The Financial Conduct Authority (FCA) has fined Invesco Perpetual £18.6m for exposing investors to more risk than they had been led to expect in funds including Neil Woodford's giant income portfolios.

GLG has hired a new co-manager for its top performing Strategic Bond fund to work alongside managers Jon Mawby and Steve Roth.

Growth-focused UK equity managers have joined their income peers in backing pharmaceuticals as deals both real and rumoured send shares rocketing.

The FTSE 100 has risen in early trading as news of a fresh Pfizer approach for AstraZeneca sparks a 15% jump in the UK group's share price.

Scottish Widows Investment Partnership's chief executive Dean Buckley is to leave as Aberdeen Asset Management realigns its investment division following its takeover of the Scottish group.

Schroders has appointed Alex Tedder from American Century Investments as head of global equities.