News

Margaret Lawson has been snapping up "bombed out" UK retailers in her SVM UK Growth fund, as the survivors of the massacre on the high street emerge stronger and with less competition.

The Personal Finance Society (PFS) has announced that Scott Goodsir, managing director and head of wholesale for BNY Mellon Asset Management, has been appointed as an adviser to its board.

Neil Woodford, manager of Invesco Perpetual's £20bn Income fund range, has become more cautious on UK equities after a strong six-month showing from the FTSE 100.

Investec Bank and Morgan Stanley have both modified the terms and conditions of their structured products after the Financial Services Authority (FSA) found terms in both were potentially ‘unfair' to clients.

The UK should still be a AAA credit by current definitions as the risk of a default is virtually non-existent, Henderson's Simon Ward has said.

Moody's has cut its rating on the guaranteed debt of Barclays and Lloyds following the downgrade of the UK's credit rating last week.

The board of the New Star investment trust - now run by John Duffield's Brompton Asset Management - has predicted a pull-back in markets following the recent run higher.

European bond and stock markets saw a sharp sell-off on Monday after a shock result from the Italian election, where no political group managed to win a majority vote.

Aberdeen Asset Management is to introduce hedged share classes on two of its bond funds in a move to reduce currency volatility.

Thomas Becket, chief investment officer at Psigma Investment Management, has been selling down his exposure to high yield credit, taking the view the asset class is now priced for perfection.