News

China has unveiled new measures to boost its struggling economy in a fresh sign the ruling party is concerned about a slowdown.

Facebook shares rose by as much as 20% overnight on news the firm beat analyst expectations on profits and earnings.

The £3.2bn Alliance Trust has reported its results for the first half of the year, pointing to the success of its five-year overhaul plan as it wins its first segregated mandate during H1.

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June but warned the costs of investing in the business will drag on margins in 2014.

Standard Life Investments is preparing to roll out a number of regional variants of its £18bn Global Absolute Return Strategies (GARS) fund, as well as a simplified version of the vehicle, Investment Week can reveal.

Mark Pignatelli, manager of the European Growth Trust, will retire from Smith & Williamson at the end of this year.

The FTSE 100 has ended three straight days of losses to move 0.9% higher, returning to levels last seen at the end of May.

J O Hambro Capital Management (JOHCM) is planning to merge away its European fund after assets dwindled to just £2m.

Seven Investment Management (7IM) has seen assets under management (AUM) pass the £5bn mark for the first time in the firm's eleven year history.

ING Investment Management International (ING IM) has launched a new credit portfolio, the ING (L) Renta Fund First Class Yield Opportunities fund.