News

J.P. Morgan Asset Management's (JPMAM) Richard Titherington has pointed to the prospect of increased dividend payments from Russian firms as a key driver of performance.

Vodafone has reported a record fall in organic service revenue in the first three months of 2013 but has hiked its full-year dividend by 7%.

Franklin Templeton's Ben Russon is to become lead manager of its £108m UK Select Growth fund next month as he begins to alter the portfolio following his move from Newton.

Marks & Spencer has reported a heavy fall in profits over the year to 30 March, despite rising sales across the group as a whole.

BlackRock has agreed to acquire private equity real estate adviser firm MGPA for an undisclosed sum.

Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.

Invesco Perpetual's Neil Woodford has suggested the FTSE All Share's bright start to 2013 could soon be derailed as the rally has not been driven by an improvement in fundamentals.

Fidelity's Peter Khan discusses his outlook for high yield bond markets.

Advisers and agents selling clients investments in Caribbean villas run by Harlequin Property received commissions of up to 15%, according to a lawyer close to the situation.

Fund closures and mergers in the UK have soared to a record high in the past six months as groups cull smaller or underperforming funds amid pressure on margins.