News

The Financial Services Authority (FSA) has uncovered evidence of incompetency among investment advisers at a number of banks and building societies - resulting in unsuitable advice in some cases - following a mystery shopping exercise.

Attempts by the world's seven major economies to calm the growing tensions over exchange rates triggered by the weakening yen have failed, as currency markets suffered a second day of volatility.

First Trust Advisors is planning to open up its $4.6bn enhanced index fund range to the UK market, taking on the likes of BlackRock and Vanguard in the ETF space.

Barclays shares rose almost 9% on Tuesday and ended the day up more than 7%, buoyed by news of a £1.7bn cost-cutting plan, announced in its strategic review.

The UK will avoid falling into a 'triple-dip' recession but external forces still pose a danger to the economy, according to the Confederation of British Industry (CBI).

Artemis Investment Management co-founder John Dodd has backed financier Nathan Rothschild in his boardroom battle over coal miner Bumi.

MSD Capital, the family office of Dell Computer founder Michael Dell, has been building a short position in Hargreaves Lansdown as the group's share price takes off.

The £1.3bn Witan Investment trust has moved to quarterly dividend payments after announcing a 10% rise in payouts for 2012.

The managers of the Ruffer investment trust fear the portfolio's strong performance in January may be a sign assets are correlated and will all plummet at the same time in a down market.

Psigma Investment Management has teamed up with TwentyFour Asset Management to seed a new fund for its clients - the TwentyFour Asset Backed Income fund.