News

Legal & General has agreed to acquire US investment group Global Index Advisors in a $50m deal.

Skandia has revealed the full list of individual prices on its WealthSelect range, which offers 56 funds with an average AMC of 0.52%.

Royal Bank of Scotland (RBS) is to cut 30,000 jobs as it scales back operations to become a more focused bank.

UBS Wealth Management's research team is finding better value opportunities in Europe than in emerging markets, pointing to the latter's political instability and lack of earnings momentum.

A leading Bank of England policymaker has said the base rate is likely to rise in "spring 2015" in unusually revealing comments made this afternoon.

Shares in BAE Systems fell 10% today after the aerospace giant issued a profit warning.

The passing of the revised Markets in Financial Instruments Directive (MiFID II) into law has made it compulsory for UK investment firms to disclose the total cost of their investments to their clients.

Vodafone's sale of its 45% holding in US peer Verizon Wireless could see an extra £10bn invested in UK equities in the coming weeks, according to reports.

Rathbones has reported a 15% increase in pre-tax profit for 2013, to £44m, but its interest in a potential purchase of Jupiter's private client business remains uncertain.

Shares across Asia fell on Thursday after latest Chinese manufacturing data came in at a seven-month low.