News

Liontrust's UK equity managers Jan Luthman and Stephen Bailey have been diversifying their overseas exposure and cutting back on consumer staples firms as they take profits from stocks including Heinz, Unilever and Reckitt Benckiser.

Ariel Bezalel has been adding gold mining debt to the £1.5bn Jupiter Strategic Bond fund, in expectation the gold spot price could hit as much as $3,000 per troy ounce in the next 12-24 months.

Regulators will establish a dedicated wealth management department within the incoming Financial Conduct Authority (FCA) that will help "intensify" the regulatory focus on the sector.

Shares in travel operator Thomas Cook jumped this morning after the firm outlined a further raft of cost-cutting measures.

M&G broke its own records in 2012 to post soaring inflows and AUM at an all-time high, according to its full-year results, but expects sales in the UK to slow this year.

Britain is on track for a triple-dip recession, one of the nation's leading forecasters has signalled, as new figures on the UK's manufacturing industry dealt a blow to recovery hopes and sent sterling crashing to a fresh two-and-a-half year low.

M&G's Mike Riddell has predicted further falls for sterling in the face of 'rampant' selling from the 'currency vigilantes', amid a drop in sterling yesterday to a new multi-year low.

Schroders' head of UK equities Richard Buxton has been snapping up shares in St James's Place which are being sold by the group's parent Lloyds, according to reports.

Miton is preparing to add a new product to its stable for the two managers it recently poached from Matterley.

Brooks Macdonald's acquisition of Spearpoint helped drive a 44% rise in FUM in the second half of last year, although the firm continues to count the cost of RDR.