News

F&C Asset Management has reported a £1.5bn net outflow for the first quarter of 2013 as strategic partner withdrawals offset improved retail flows.

Japan's Nikkei 225 index has closed above 14,600, a fresh-five year high, as the yen dropped to a four-year low against the dollar.

Scottish Widows Investment Partnership (SWIP) has promoted Dan Daldry to co-manage its Absolute Return Bond fund alongside James Carver.

Skandia has said its discounted fund panel Select will not be affected by the Financial Conduct Authority's (FCA's) final rules on platforms, despite a ban on subsidies.

Lloyds Banking Group is to axe 850 jobs from across the bank as part of its ongoing strategic review.

The Bank of England has held interest rates for the 50th month in a row and opted not to increase the size of its QE programme at its May meeting.

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

Investment Week's Joanna Faith and Kyle Caldwell have won prestigious industry accolades at the 2013 Headlinemoney Awards.

George Soros has reportedly made £40m in a day through a short position on the Australian dollar.

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, reported assets under management rose by 8% in Q1 to £74.5bn, driven by a stronger performance in areas like its international business.