News

Philip Milburn, manager of the £1.5bn Kames High Yield Bond fund, is avoiding taking on extra risk in his portfolio this year, as he does not expect the extra yield on offer from CCC-rated bonds will be sufficient to make up for the default risk.

Advisory group Paradigm Partners has shelved plans to run its investment joint venture with Henderson.

Investors question whether gold has lost its shine as China growth picks up and US shows signs of recovery.

Alliance Trust has reported its strongest yearly start for 20 years as markets soared at the start of 2013, but said the equity rally is unlikely to continue at the current pace.

Lloyds Banking Group expects to raise about £520m from the sale of part of its stake in wealth manager St James's Place (SJP).

Labour has been accused of playing "cynical party games" ahead of a House of Commons debate and vote on plans for a ‘mansion tax'.

The asset management division of Close Brothers, comprising both advised and managed solutions for clients, turned a profit in the six months to February thanks partly to a 6% increase in overall assets under management.

Billionaire Wall Street hedge fund titan John Paulson is reportedly planning to move to Caribbean island Puerto Rico to cut his tax bill.

Lloyds has put a 20% stake in wealth manager St James's Place up for sale, the bank confirmed this afternoon.

Chancellor George Osborne's Budget next week runs the risk of being a "dangerous missed opportunity" if he sticks to his guns on austerity, leading economist Roger Bootle (pictured) has said.