News

Skandia's director of investments James Millard is to exit the business at the end of the year after the group opted to hand the running of its managed portfolio service to Old Mutual Global Investors.

T Bailey has cut the charges on its three multi-manager funds from 75bps to 60bps, as well as renaming two of the funds.

Tech giant Apple has bought social media analytics firm Topsy Labs, according to reports.

Eclectica's Hugh Hendry has said he would buy into online currency Bitcoin if it were feasible to do so within his funds.

Sterling hit a five-year high on Monday as data from the UK's manufacturing sector came in stronger than expected.

Supermarkets are weighing on the FTSE 100 index today as worries escalate over price wars between the UK's leading food stores.

Managers and fund buyers have begun rotating out of UK mid- and small-cap stocks in anticipation of a mega-cap resurgence.

M&G has handed Mike Riddell's Emerging Markets Bond fund to former Invesco Perpetual manager Claudia Calich.

Former Schroders head of rates David Scammell has joined Santander as a senior sovereign bond fund manager within its European fixed income team.

Fund groups signed up to Skandia's WealthSelect proposition are holding further talks with the platform after it altered its pricing plans, sparking concerns over margins.