News

The Nikkei tumbled 3% on Friday to touch its lowest level for almost three weeks as the yen strengthened against the dollar.

The death of blockbuster pharmaceutical companies has been greatly exaggerated by a market that is too focused on '0-60' stocks, according to Liontrust's Julian Fosh.

Charles Stanley has reported a jump in revenue over the first quarter of its financial year, pointing to growing FUM and increased investor confidence.

RSM Tenon has been approached over a potential acquisition by accountancy firm Baker Tilly.

The International Monetary Fund (IMF) has warned if the US Federal Reserve begins tapering monetary stimulus, the weakest eurozone countries could be pushed into a "debt-deflation spiral".

Anthony Bolton is backing one of his unlisted stocks to make significant returns for shareholders in his Fidelity China Special Situations trust later this year when it lists on Hong Kong's main market.

Nearly a third of advisory firms have lost clients as a result of the Retail Distribution Review (RDR), according to research from GfK.

Katherine Garrett-Cox, chief executive of Alliance Trust, has said fund management groups should focus on areas of strength as opposed to running extensive fund ranges which struggle to gain traction.

Former Scottish Widows Investment Partnership investment director and head of research, David Keir, has joined Saracen Fund Managers.

The Investment Management Association (IMA) has removed a further two funds from its UK Equity Income sector for undershooting minimum yield requirements over the past three years.