News

Bank of England (BoE) governor Mervyn King was defeated in his final bid to inject more stimulus into the UK economy, minutes from last month's minutes show.

Brazil's elimination of foreign investment taxes has met with a mixed reaction as emerging market nations seek to restore their attractiveness to investors.

Tineke Frikkee is to exit BNY Mellon and join Smith & Williamson Investment Management in July to run its UK Equity Income Trust.

Emerging markets now face a "cyclical point" in their development as the impact of loose monetary policy around the globe begins to wane, according to Jupiter CIO John Chatfeild-Roberts.

Liontrust Asset Management is to pay its first dividend since December 2009 after reporting a leap in full-year profits and a doubling of assets under management in the year to 31 March.

The Bank of England has appointed Charlotte Hogg, head of retail distribution and intermediaries at Santander UK, as its chief operating officer.

The Cypriot president has asked eurozone officials to overhaul the country's €10bn bailout plan due to its unmanageable impact on the Cypriot economy, according to reports.

The long-awaited Parliamentary Commission on Banking Standards report has criticised the government's handling of part-nationalised UK banks and recommended criminal sanctions for senior executives who behave "recklessly".

The board of the Fidelity China Special Situations trust has moved to keep its discount under control after the announcement of manager Anthony Bolton's retirement.

The Financial Conduct Authority (FCA) has asked Hargreaves Lansdown to share details of its negotiations with fund groups over clean share class pricing.