News

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.

Following an apparently disappointing outcome in 2012, there is greater optimism over growth prospects for the UK and other economies in 2013.

David Coombs, head of multi-asset investments at Rathbones, has decided to "reappraise his views" on the US after a trip to New York convinced him of the economy's growth potential.

Former world heavyweight boxing champion Mike Tyson is suing his financial adviser for allegedly embezzling more than $300,000 from him.

The Bank of England has revealed it is in talks with the People's Bank of China over a currency swap deal that could help ensure greater financial stability.

Financier Nathan Rothschild has lost his high profile battle to replace the board of coal miner Bumi.

Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.

Proposals for SIPP capital requirements based on assets under administration should be scrapped as it could risk consumer harm, the Association of Member Directed Pension Schemes (AMPS) has told the FSA.

US shares fell for the second day running overnight as investors continued to take profits after the recent run-up to multi-year highs.