News

Aberdeen CEO Martin Gilbert has raised the prospect of closing the group's Asia Pacific equity funds in the near future after admitting it "cannot cope" with soaring inflows.

Aberdeen Asset Management saw its shares jump 9% in trading this morning after the group reported a huge hike in its dividend.

Former England batsman Paul Collingwood is suing Sigma Wealth Management, accusing the company of losing over £300,000 through risky investments.

Cofunds' Stephen Mohan is leaving the business after a seven-year spell, the platform said today.

The recent gold price volatility could plague investors for some time, and further selling is also a risk, according to BlackRock's natural resources head Evy Hambro.

Aberdeen AM has raised its interim dividend by more than a third as revenue rose by over 25% in the six months to 31 March.

Spain's collapsing residential property market is still overvalued, banking experts have warned.

The chief executive of Lloyds Banking Group has opened the door to a return to the dividend list as he prepares to reveal the bank's net lending to UK businesses has increased for the first time since the global credit crisis.

The International Monetary Fund(IMF) has warned strong capital inflows into Asia have increased the risks from rapid credit growth and rising asset prices.

European markets and the US dollar have extended losses after US GDP came in at a lower than expected 2.5% in Q1.