News

Shares of technology firm Apple soared yesterday after billionaire investor Carl Icahn revealed he had taken a large stake in the company, and is pushing for higher payouts to shareholders.

Global fund managers have become significantly more confident on the outlook for growth, according to a survey by Bank of America Merrill Lynch.

Boutique fund managers suffered a marked slowdown in growth ahead of the Retail Distribution Review (RDR) as investors flocked to trusted brand names, according to new research from the IMA.

HM Revenue & Customs (HMRC) has successfully challenged a stamp duty land tax avoidance scheme, protecting some £68m of taxpayers' money.

Investors who held their nerve and bought in to equity markets at the bottom in 2008 have made significant returns since then as markets recovered from the financial crisis.

Neuberger Berman has poached Jon Jonsson from J.P. Morgan Asset Management (JPMAM) to work as a senior portfolio manager for the firm's global fixed income strategies.

Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.

Skandia has appointed Standard Life Investments' (SLI's) head of regional client marketing Alistair Campbell as head of investment marketing.

Aviva Investors has hired Sunita Kara from Baring Asset Management as portfolio manager for European high yield.

The UK's headline inflation rate fell back to 2.8% in July, matching analysts' expectations, the latest data has revealed.