News

Investec Asset Management has scrapped the initial charge on its UK OEIC fund range, which includes high profile funds such as Alastair Mundy's Cautious Managed portfolio.

The pound has moved towards a year low today against the dollar, its recent weakness having been exacerbated by the revelation BoE governor Sir Mervyn King voted for further stimulus this month.

The FBI is investigating whether insider trading took place in Heinz shares ahead of the food giant's historic deal with Warren Buffett's Berkshire Hathaway.

Sanlam Private Wealth has acquired the client bank of two more financial planning companies as part of its drive to increase its presence in the UK.

Odey Asset Management has confirmed the launch of a UCITS version of Crispin Odey's flagship hedge fund strategy, as first revealed by Investment Week.

London Capital Group, an online trading platform, has paid out £1.2m to investors who invested via the failed Integrity product over losses linked to commission rebating of the fund in the first half of 2009.

The price of gold has fallen through $1,600 for the first time in six months as investors continue to pile into risk assets such as equities.

Pressure is mounting on the boss of Lloyds to give up his bonus after the bank was rocked by yet another hit relating to a mis-selling scandal.

Sir Mervyn King voted to increase quantitative easing by a further £25bn at February's Monetary Policy Committee meeting, latest minutes reveal.

The UK's blue chip index has climbed to a five-year high above 6,400, surpassing the peak of 6,376 seen before the financial crisis.