News

Graham Glass has joined City Financial to spearhead the group's fixed income operations, as the firm looks to build up its product range in this area.

Warren Buffett has described last year's performance for his Berkshire Hathaway group as "subpar", despite a 45% rise in profits over the period.

Shares in banking giant HSBC fell 2% in early trading today as it reported profit before tax was $20.6bn(£14bn) in 2012, down 6% on 2011.

Jeremy Tigue's £2.6bn Foreign & Colonial investment trust has moved to satisfy income hungry shareholders after announcing a 19.7% dividend hike for 2012.

A leading equity manager warning on equity markets, the overhaul of the IMA's Absolute Return sector and Skandia's latest plans all made our top ten list of the most read stories last week.

Old Mutual Wealth CEO Paul Feeney has dispelled worries about the effects of re-registration on the group's Skandia platform after it made a £2m profit, arguing rivals are behind the curve when it comes to facilitating electronic transfers.

Premier is planning to merge Chris White's £30m Premier UK Alpha Income fund into Chris Wright's £10m Premier European Optimum Income fund, which is undergoing a change in investment strategy.

M&G has hired Matthew Cable as deputy manager on its £370m Smaller Companies fund following a tough spell which has seen it drop down the rankings.

Gold has suffered the longest run of monthly falls since 1997 after the metal declined for the fifth month in a row in February.

Investment trust veteran Douglas McDougall will step down as chairman of James Henderson's Law Debenture trust in April after 15 years of service.