News

Three men have been arrested as part of the Financial Services Authority's (FSA's) and Metropolitan Police's ongoing fight against insider dealing and market abuse.

UK GDP contracted 0.3% in the last quarter of 2012, according the second reading of the data.

Europe's leading equity markets took a beating yesterday as elections in Italy resulted in political deadlock.

The On-Line Partnership Group, which owns the IN Partnership and Whitechurch networks, has signed a strategic partnership with London & Capital (L&C), making the discretionary's range of managed portfolios available to its 500 advisers.

Artemis Global Select managers Simon Edelsten and Alex Illingworth have bought into a Burma-focused real estate firm as they take advantage of an increasingly accessible market.

Henderson Global Investors saw underlying profits fall 8% last year as it struggled in a challenging sales environment and moved to streamline its business.

JPMorgan Chase has announced at least an extra 3,000 job cuts as part of plans to reduce its overall expenses, taking total job losses to 19,000.

Skandia has announced the full list of funds which will make up its Select range, following months of negotiations with fund groups.

The Bank of England's deputy governor Paul Tucker has raised the prospect of introducing negative interest rates to boost lending and support the UK economy.

As the most popular emerging market equity funds are soft closing to stem inflows, wealth managers are being forced to look for alternatives beyond their usual top picks.