News

Charles Gregson, chairman of St. James's Place, is stepping down from his role at the end of the year to be replaced by Sarah Bates.

The FTSE 100 and other indices across the world were in the doldrums today as the latest round of positive economic data sparked fears of a sooner than expected end to stimulus programmes.

Bedlam Asset Management has begun liquidating its fund range and winding down its business on concerns that it may be about to lose the bulk of its assets.

Liontrust has reported a 326% increase in adjusted pre-tax profit for the six months to 30 September and reintroduced an interim dividend.

City Financial is to merge its sub-scale Strategic Gilt fund into the larger £91m Defensive Global Bond fund.

The chairman of UK Financial Investments, the body responsible for the government's stake in RBS and Lloyds, has warned the former could face further fines from regulators over sales linked to the US sub-prime mortgage crisis.

Hargreaves Lansdown will not be carrying out bulk switches of client money from bundled to clean or super clean share classes, Investment Week can reveal.

UBS Global Asset Management has closed its UBS Global Diversified fund as it continues to streamline its UK fund range.

Investment trust buyers are building positions in the listed private equity sector, as strong performance and narrowing discounts continue to boost returns.

Staff have been quitting the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) at nearly twice the rate seen prior to the move to split the regulator in to two bodies, reports have claimed.