News

The Battle Against Cancer investment trust (BACIT) has announced its first charitable donations, totalling almost £1m, after a strong first five months.

Scott MacLennan, manager of the Neptune UK Special Situations Fund, has upped his banking exposure and said it is increasingly difficult to ignore the investment case for the sector at home and abroad.

Increasing correlations between assets classes have left "no place to hide" for multi-asset managers as concerns over a tapering of US QE hit home.

Aggressive selling of sterling following last week's guidance on rates from the Bank of England has taken the pound to its lowest level in three years versus the dollar in trading today.

The International Monetary Fund has upgraded its 2013 growth forecast for the UK to 0.9%, just three months after cutting estimates.

Henderson shares have risen by almost 9% after the group said it expected underlying H1 profit to come in at around £100m, ahead of market expectations.

The government plans to legislate for the lifting of NEST's contribution cap and transfer restrictions in 2017.

Fixed income investors have overlooked the opportunities in the fledgling technology bond market, according to Baillie Gifford's Torcail Stewart.

Former Chancellor Alistair Darling has warned Europe and its plethora of problems continues to pose the greatest threat to the UK unless growth returns.

The Financial Conduct Authority (FCA) is going in the right direction to becoming a "genuinely different" regulator and will put greater emphasis on competition, its chief executive Martin Wheatley has said.