News

Standard Life Investments (SLI) has hired Jeremy Lawson from BNP Paribas to boost its multi-asset capabilities.

Investors and backers of Richard Buxton's UK Alpha Plus fund have reacted positively after the group revealed it has poached well known managers from Jupiter and Neptune to replace the outgoing star.

Schroders has poached Jupiter's Philip Matthews and Neptune's Alex Breese to replace Richard Buxton and Errol Francis when they move to Old Mutual Global Investors.

Tesco has reported its first decline in annual profits for two decades after taking a £1bn hit from exiting the US market.

Hargreaves Lansdown has topped the FTSE 100 index in early trading after reporting record levels of assets under administration in its quarterly results this morning.

Mervyn King, the outgoing governor of the Bank of England, has warned central banks risk becoming more politicized as a result of their efforts to tackle the banking crisis and subsequent recessions.

Franklin Templeton Investments has appointed David Zahn to head its European fixed income team following an overhaul of its strategy in this area.

Threadneedle's Michael Poole is to become lead manager on the group's £790m European High Yield Bond fund as Barrie Whitman steps back.

Hargreaves Lansdown has achieved record levels of assets under administration after attracting £4.7bn of new money in the three months to April.

Hedge fund supremo John Paulson has reportedly lost almost $1bn of his personal wealth since the end of last week after the price of gold crashed.