News

Marks & Spencer has reported a heavy fall in profits over the year to 30 March, despite rising sales across the group as a whole.

BlackRock has agreed to acquire private equity real estate adviser firm MGPA for an undisclosed sum.

Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.

Invesco Perpetual's Neil Woodford has suggested the FTSE All Share's bright start to 2013 could soon be derailed as the rally has not been driven by an improvement in fundamentals.

Fidelity's Peter Khan discusses his outlook for high yield bond markets.

Advisers and agents selling clients investments in Caribbean villas run by Harlequin Property received commissions of up to 15%, according to a lawyer close to the situation.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.

Standard Life has confirmed it is to pay the recently announced rebate tax for its platform users until the end of this year.

Martin Gilbert, the chief executive of Aberdeen Asset Management, has announced he is to resign from his role as chairman of beleaguered transport business FirstGroup, on the day the group also announced it is undertaking a rights issue.

M&G Investments has boosted its fixed income team, hiring Andrius Isciukas from HSBC Asset Management to work across the fund range.