News

Standard Life Investments(SLI) has agreed a deal to become the first ever Worldwide Partner of the prestigious golf Ryder Cup.

Brewin Dolphin is planning to increase the number of open-ended funds it recommends to clients by 25% in the coming months as it seeks to provide more income plays.

The Financial Services Authority (FSA) is holding discussions with asset managers over more effective ways to allow groups to close open-ended funds to new investors.

Taube Hodson Stonex Partners (THS) is launching a retail share class for its flagship £592m International Growth and Value fund, after parting company with St James's Place (SJP) late last year.

FinEx Group has made its first foray into the European ETF market, launching a product which tracks a Russian corporate bond index.

Royal Bank of Scotland is to make further cuts to its investment bank but is also readying plans for a £5bn share sale in 2014, according to reports.

Moody's decision to strip the UK of its AAA credit rating on Friday night will have a further negative impact on sterling and could hit gilts too, analysts have suggested.

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

Old Mutual Global Investors (OMGI) is proposing to merge away the Skandia UK Best Ideas fund of funds next month, Investment Week can reveal.

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.