News

Labour will reverse a planned rise in business rates for small firms if it wins the next election, party leader Ed Miliband is expected to say today.

Tom Walker has handed over management of the Martin Currie North American fund to his co-manager Penny Kyle.

Bestinvest has suspended its rating of the iShares S&P 500 ETF, after the provider announced today it will only cut the fee on the accumulating share class, and not the distribution version.

Close Brothers' asset management arm returned to profitability over the full year to 31 July following a restructure.

A surprise delay in the US Federal Reserve's plans to wind down its QE programme may continue into 2014, fund managers have suggested.

Chelsea Financial Services (CFS) has highlighted ten funds which have consistently underperformed peers over the last three years, suggesting investors in these funds should rethink their allocations.

Matthew Shafer has joined Natixis Global Asset Management from Merrill Lynch as managing director of the UK retail business and global key accounts, replacing Ed Farrington.

Foresight Investment Group has launched a solar fund targeting a 6p dividend on the London Stock Exchange, the latest in a string of renewable energy IPOs with attractive dividends.

Investec Asset Management has set out a marker for other fund groups on super clean after launching low-cost share classes for six of its most popular funds.

The Financial Conduct Authority (FCA) is preparing to enforce new absolute return disclosure requirements but has opted not to implement the more stringent proposals some had recommended.