News

Eclectica hedge fund manager Hugh Hendry has said he has been forced to leave his bearish outlook behind as he faces up to a market "which only makes sense through the prism of trends".

The FTSE 100 was lower once again during afternoon trading as the blue chip index continues to retreat from its recent peak above 6,800.

A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.

Paul Flowers, the former chairman of the Co-op Bank filmed apparently paying for drugs, has been arrested in connection with a "drugs supply investigation", according to reports.

St James's Place has paid out £1.25m in compensation and redress to clients after uncovering evidence of serious misconduct by former partner Christopher Bladen.

The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.

Resolution is in talks over a possible sale of its European private and corporate client wealth planning division, Lombard.

Henderson Global Investors has hired Aberdeen Asset Management's Andrew Gillan to head its Asian equities team, following the announcement he had resigned from his previous role.

Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.

Henderson has soft-closed the near £1bn Henderson Credit Alpha fund due to liquidity constraints.