News

Neptune manager Mark Martin is backing niche medical companies to outperform the UK's mid-cap sector this year.

The Financial Conduct Authority (FCA) has published warnings to consumers about four trading companies that are not authorised to carry out regulated activities.

Tullett Prebon's chief executive Terry Smith wrote a letter to the International Swaps and Derivatives Association (ISDA) back in 2010 to question the rate setting process, but was ignored, the Telegraph reports.

Marks & Spencer has reported a slight rise in sales in the first quarter of the year, lifted by its food business, although sales of clothing continued to fall.

Charles Stanley saw its funds under administration hit a new high in the year to end March 2013, according to its pre-close trading update.

Neptune Investment Management has closed four funds including three in its Max Alpha product range.

Global markets soared on Wednesday after the US Federal Reserve inadvertently released minutes from its latest policy meeting five hours earlier than planned.

The board of Sam Vecht's Eastern European trust is seeking shareholder approval to revamp its policy, giving the manager greater off-benchmark flexibility.

Real estate manager PRUPIM will be renamed M&G Real Estate as of the end of June as the firm looks to collaborate further with its parent company.

First State Stewart has warned it may be forced to soft-close its Dublin-domiciled range, including offerings from star manager Jonathan Asante and Angus Tulloch, if inflows continue at their current pace.