News

Threadneedle has made five hires to its Asian equities team as it expands its on-the-ground presence in the region.

T Bailey has appointed Peter Askew as the co-manager of the T Bailey Growth fund alongside Elliot Farley.

Consumer staples shares dragged the FTSE 100 into the red this morning after Unilever said profit growth from its emerging markets business would miss expectations.

UK managers have called into question domestic equity valuations, saying recent landmark events should act as a warning sign for investors.

The value of short positions in UK and European stocks has hit multi-year lows as the recent market run-up dissuades investors from making negative bets.

Sterling rose to its highest level in nine months against the US dollar as the US government slipped into a partial shutdown.

National IFA Positive Solutions has accepted it made a mistake when one of its former advisers recommended a client invest in troubled Harlequin Property - and has offered to pay back the amount invested with interest, IFAonline understands.

The average length of time taken by the Financial Conduct Authority (FCA) to authorise financial services start-ups is now back up to its highest levels, according to data obtained by City law firm RPC.

ETP provider Source has launched a private equity ETF as a more liquid alternative to investing in private equity buyout funds.

UK equity manager Nick Train said his holdings in fund managers will remain "extraordinarily profitable", despite a squeeze on headline fund pricing from distributors.