News

Sebastian Lyon, manager of the Troy Trojan fund, has warned shares in mid- and small-cap stocks are currently ‘priced for perfection', after valuations shot up substantially over the past decade.

The UK's headline inflation rate dropped to 1.7% in February, its lowest level since late 2009.

Royal Mail, which was recently floated on the stock exchange, has announced it is scrapping a total of 1300 roles in a cost-cutting drive, with shares falling as the initial cost of the cuts spooks investors.

Charlie Awdry has cut the number of holdings in his Henderson China Opportunities fund to create a more focused portfolio, while selling his last Chinese property holding as the indebted sector continues to struggle.

Russia has said it expects outflows in the first quarter of this year to total $70bn as sanctions hit the country's economy harder than expected.

Andrew Cole, investment director at Barings, has warned sterling "could get ugly" during the next six months, ahead of the 2015 general election, but said it remains the best of a bad bunch for now.

The Association of Investment Companies is consulting members over whether to lobby for a change in how venture capital trusts are regulated, Investment Week can reveal.

Activist investor Elliott Associates has built its stake in F&C Asset Management to 20%, ahead of a £700m deal to sell the firm to a Canadian bank.

Fidelity Personal Investing has called for a ban on exit fees from all long term savings products in order to improve competition in the direct-to-consumer marketplace.

The Co-operative Bank has revealed it must raise £400m via a new share issue after discovering additional costs related to PPI mis-selling.