News

European technology company earnings are set to bounce back this year but investors should tread carefully, according to Franklin Templeton European Growth fund manager Mike Clements.

Saracen is to merge its Global Income & Growth fund with the SMT Saracen Global Equity Income fund.

Former Williams de Broë CEO Philip Howell is to join Rathbones as deputy chief executive as the group looks forward to 2013 with "more optimism".

AXA Framlington American Growth managers Stephen Kelly and Dan Harlow have cut their position in Apple after growing concerned over margin pressures at the world's largest tech firm.

The FTSE 100 moved back towards five year highs during trading today as the positive sentiment that has prevailed since the start of the year continues.

The board of Alastair Mundy's £631m Temple Bar trust is seeking shareholder approval to widen its international equity weighting as part of a broadening of its mandate.

Fidelity Worldwide Investment has raised the AMC on two of its multi-asset funds as part of the rebrand and restructure of its multi-manager range.

Neptune founder Robin Geffen has blamed an underweight to financials for the recent poor performance of the £922m Neptune Income fund.

Andrew Bailey has been named as the chief executive of the Prudential Regulation Authority (PRA), as well as being appointed to the new role of deputy governor for prudential regulation at the Bank of England.

Invesco Perpetual's Paul Causer and Paul Read have been boosting exposure to equities, taking the view the strong rally in financial bonds will cool in 2013.