News

Barclays' Q1 adjusted pre-tax profit has dropped 25% to £1.8bn after the bank took a £500m hit over its restructuring programme.

J.P. Morgan Asset Management has highlighted what it expects will be the three main investment themes to follow in Q2.

Standard Life Investments saw its assets under management jump to a record high in the first quarter thanks to a combination of soaring inflows and strong markets.

Old Mutual Global Investors' Richard Watts has doubled his stake in St James's Place (SJP) since the start of the year, arguing the firm has emerged as one of the biggest RDR winners.

Ameriprise Financial has appeared to rule out a potential acquisition of Scottish Widows Investment Partnership (SWIP), saying available M&A opportunities "do not meet our criteria".

Martin Brookes, one of the named managers running Prudential's huge with-profits fund, has left the firm after more than a decade.

A leading emerging markets specialist has said China remains a compelling investment proposition, despite the slowing growth in the region.

Banking giant HSBC has proposed reducing staff numbers by 1,149 as part of a restructure of its wealth business.

Harlequin Management Services (South East), which trades as Harlequin Property, has filed a notice of intention to appoint administrators at the High Court of Justice.

The board of the £156m Henderson Global trust, managed by Brian O'Neill, is proposing to change its benchmark to reduce its hefty exposure to UK equities.