News

Threadneedle parent company Ameriprise Financial is preparing an £800m bid for Scottish Widows Investment Partnership, according to reports.

Neptune founder Robin Geffen and former Gartmore star Roger Guy are among the highest profile new fund management names in the latest UK wealth rankings.

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.