News

Aviva has reported a profit after tax of £776m for the first half of this year, turning around a £624m loss for the half year 2012, but said its funds business has seen outflows.

Henderson Group has seen a record jump in underlying profit before tax in the first half of 2013 despite a £2bn outflow from its institutional business.

Schroders reported an outflow of more than £1bn in June, following a market sell-off and the departure of its head of UK equities Richard Buxton.

Threadneedle Investments has named Alastair Caw as head of UK wholesale, replacing Gary Collins.

Fixed income managers have taken advantage of pricing opportunities in the high yield space to move back into the asset class, after outflows hit record levels in June following the Federal Reserve's tapering talk.

Terry Ewing, manager of the Ignis American Growth fund, is moving in to consumer discretionary stocks in anticipation of improvements in the domestic US economy.

London's leading share index fell quickly into the red after new Bank of England (BoE) governor Mark Carney unveiled plans to issue forward guidance on interest rates.

The Bank of England has said it will not raise the base rate of interest before unemployment falls to 7%, and warned investors are still expecting rates to rise sooner than is likely.

The Financial Conduct Authority (FCA) has appointed four directors to lead key areas of its supervision division, with Nick Poyntz-Wright heading up its long term savings & pensions unit which includes oversight of wealth management services and investment...

The Investment Management Association (IMA) has unveiled the results of its review into the fixed income sectors, including the creation of a new GEM Bond category.