News

Peter Hargreaves, the co-founder of Bristol-based Hargreaves Lansdown, has seen his wealth rocket to £1.5bn in the last year after shares in the business rose to an all-time high.

UK dividend growth suffered a setback in the first quarter of 2013, falling 25% year-on-year, according to Capita Registrars.

Spanish boutique asset manager March Gestión de Fondos (MFG) has gained FSA approval to distribute its three flagship funds to the UK market.

Brooks Macdonald has reported a 7.6% in discretionary funds under management as rising markets and inflows pushed assets towards the £5bn mark.

Ratings agency Fitch has downgraded the UK to AA+ from AAA, citing a weaker economic and fiscal outlook.

This week commodities dominated the headlines after a hefty sell-off in the gold market; while Schroders moved to replace outgoing manager Richard Buxton with a double hire.

Lindsell Train co-founder Nick Train has named Cadbury as one of the greatest ever investments in his top-performing £668m CF Lindsell Train UK Equity fund.

A breakaway movement of platforms pushing for special share classes could create a ‘cartel' between bigger firms, according to AXA Elevate.

Armstrong IM managing partner Patrick Armstrong has added a new gold derivatives position to his portfolios to capitalise on the precious metal's escalating price volatility.

Artemis has appointed Henderson's Paul Casson to work alongside Tim Steer, amid a reshuffle at the group which has seen Stephen Yiu exit.