News

UK markets have fallen this morning following the surprise announcement yesterday by the European Central Bank (ECB) that interest rates would be cut to 0.25%, and the shock downgrade of France's credit rating.

Australian banking giant Macquarie Group has moved to scupper Aberdeen Asset Management's deal to buy Scottish Widows Investment Partnership (SWIP) after making a £500m cash offer for the business, according to reports.

AXA Wealth is launching an exclusive share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.

Standard & Poor's has downgraded France's credit rating from AA+ to AA.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to maintain UK interest rates at their historic low of 0.5%.

The Financial Conduct Authority (FCA) has written to banks urging them to speed up their review of how interest rate hedging products were sold.

AXA Wealth is launching a new share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

Twitter shares have soared 90% from their IPO price on the company's first day of trading, with the stock hitting a peak above $50.

The European Central Bank has announced a surprise cut in interest rates to 0.25%, sending the single currency tumbling.