News

Japan's Nikkei 225 has suffered its second huge fall in a little over a week after the index closed down 5% overnight.

Leading UK equity managers are backing housebuilder shares as government policies set the scene for further outperformance.

Lloyds Banking Group is to sell its loss-making international private banking business to Swiss bank Union Bancaire Privée (UBP).

The pound could fall by as much as 15% against the US dollar from its current level, back to decade-long lows, if Mark Carney moves to devalue the pound via further QE over the next few years, PIMCO has warned.

Equity funds regained their position as best-sellers in the UK market in April, according to the latest figures from the Investment Management Association (IMA.

Schroders has moved to fill its vacant head of UK equities position following Richard Buxton's departure, handing the role to its head of European equities Rory Bateman.

Multi-asset managers have been forced to move into specialist vehicles or even switch to open-ended funds as the number of closed-ended vehicles trading on a premium to NAV hits a post-crisis high.

Advisers have seen the number of complaints against them soar over the past year, however figures show that more than half of the cases were dropped by the ombudsman.

Shares in wealth manager Brewin Dolphin should be trading more than 75% higher than their current level over the long term, according to analysts at Panmure Gordon.

Major indices across Europe have opened lower this morning, reversing gains made yesterday as the IMF cut Chinese growth forecasts.