News

Threadneedle's Simon Brazier and Artemis' Tim Steer have been buying up shares in Daily Mail & General Trust as they back the business' under-recognised strengths to flourish.

Legal & General has agreed to acquire the 75% share capital of Cofunds which it does not already own, for a cash consideration of £131m.

Schroders is considering having two flagship UK equity funds running alongside each other once its £424m acquisition of Cazenove Capital is complete.

Platforms have predicted the swift death of the rebate model following confirmation that HM Revenue & Customs (HMRC) will apply income tax to both unit and cash rebates.

The S&P 500 is on the verge of passing its all-time closing high after rising as much as 0.5% in early trading.

The decision by HMRC to tax rebates to consumers has prompted Skandia to review its recently announced unbundled charging structure, Investment Week can reveal.

Alliance Trust Savings (ATS) is to convert its legacy business to clean share classes, after HM Revenue & Customs (HMRC) announced it will tax unit and cash rebates.

The Financial Services Authority has finalised new rules and regulations for financial benchmarks as it attempts to "bring integrity" back to the London Interbank Offered Rate.

The Financial Services Authority (FSA) is planning to up its focus on advisers and wealth managers placing large amounts of client money in a single fund, amid fears some firms are not carrying out sufficient due diligence.

Barings has added a multi-asset fund to its range with the launch of a Euro Dynamic Asset Allocation fund.