News

The FTSE 100 continued to recover today as banks lifted the index higher on signs that some of the instability in Europe is coming to an end.

Fidelity's Michael Clark has warned against buying into BP and Shell amid a dwindling oil price and ongoing issues for both businesses.

Rathbones' head of multi-asset investments is hedging portfolios against a market fall as the US recovery looks set to bring an end to quantitative easing.

Bill Gross, the manager of the world's largest bond fund, said Chancellor George Osborne needs to ditch austerity and 'spend money' if the UK is to emerge from its current economic malaise.

Stuart Rhodes has moved to quell fears his M&G Global Dividend fund's performance could become compromised if assets continue to flood in to the portfolio.

Former Marathon AM manager Louise Keeling is to join RWC Partners to head up a newly-created global equity team.

Threadneedle parent company Ameriprise Financial is preparing an £800m bid for Scottish Widows Investment Partnership, according to reports.

Neptune founder Robin Geffen and former Gartmore star Roger Guy are among the highest profile new fund management names in the latest UK wealth rankings.

Peter Hargreaves, the co-founder of Bristol-based Hargreaves Lansdown, has seen his wealth rocket to £1.5bn in the last year after shares in the business rose to an all-time high.

UK dividend growth suffered a setback in the first quarter of 2013, falling 25% year-on-year, according to Capita Registrars.