News

Better-than-expected first quarter results from Apple and Facebook have pushed both stocks higher in after-hours US trading to help calm concerns over technology stocks' performance.

Former Prudential chief executive Nick Prettejohn has joined Lloyds Banking Group as a non-executive director and chairman of Scottish Widows.

Scotland's banking sector could suffer an Icelandic-style crisis if the vote for independence is approved, Standard & Poor's has warned.

Alan Custis and Alan Clifford have stuck with insurers amid early signs the sector is rebounding from the sharp falls sparked by Chancellor George Osborne's move to change the pensions landscape.

Richard Buxton and Philip Matthews have both slipped into the bottom quartile of the UK All Companies sector on a six-month view following their moves to Old Mutual and Schroders respectively.

Legal & General is to convert its £1.2bn UK Property trust into a property authorised investment fund (PAIF) next month.

Investors have been selling out of Russian equities since the country's stand-off with neighbour Ukraine escalated in early March and caused shares to plunge, but one fund manager has been buying back in despite ongoing tensions.

Unicorn Asset Management is looking to strengthen its core UK equity offering by renaming one fund, preparing a new launch for John McClure and hiring two new team members.

Vince Cable has attacked the salaries paid to the executives at the top of FTSE 100 companies and warned the government may intervene if boards do not rein in 'excessive' payouts.

Some of the UK's biggest wealth managers are turning positive on emerging markets as months of poor performance and outflows begin to reverse.