News

Shares in Lloyds Banking Group and Jupiter Fund Management soared on Thursday after both groups reported hefty profits in their half-year results.

J.P. Morgan Asset Management has appointed North Investment Partners' Nicholas Roberts as portfolio manager for the JPM Fusion Funds, reporting to lead manager Tony Lanning.

Rathbones' pre-tax profit for the first six months of 2013 rose 17% as the group's total funds under management near the £20bn mark.

The Federal Reserve has given little suggestion of a forthcoming slowdown in its quantitative easing programme despite economic data continuing to improve.

Jupiter has reported net mutual fund flows of £426m for the first half of 2013 despite RDR "dampening" UK business.

Former Skandia marketing head Nick Dixon is to join Aegon UK as investment director, Investment Week understands.

Bond fund manager John Anderson is set to leave J.P. Morgan (JPM) after being told his future at the group remains uncertain.

Lloyds Banking group is back in the black after announcing a pre-tax profit of £2.1bn for the six months to the end of June - and said it is on course to target IFA clients "orphaned" by RDR.

Yields on 10-year treasuries have spiked back above 2.7% after US Q2 GDP data easily beat expectations, increasing the likelihood of a quantitative easing slowdown.

A new report has identified 16 countries poised to succeed China as the global driver of manufacturing growth.