News

AXA Framlington American Growth managers Stephen Kelly and Dan Harlow have cut their position in Apple after growing concerned over margin pressures at the world's largest tech firm.

The FTSE 100 moved back towards five year highs during trading today as the positive sentiment that has prevailed since the start of the year continues.

The board of Alastair Mundy's £631m Temple Bar trust is seeking shareholder approval to widen its international equity weighting as part of a broadening of its mandate.

Fidelity Worldwide Investment has raised the AMC on two of its multi-asset funds as part of the rebrand and restructure of its multi-manager range.

Neptune founder Robin Geffen has blamed an underweight to financials for the recent poor performance of the £922m Neptune Income fund.

Andrew Bailey has been named as the chief executive of the Prudential Regulation Authority (PRA), as well as being appointed to the new role of deputy governor for prudential regulation at the Bank of England.

Invesco Perpetual's Paul Causer and Paul Read have been boosting exposure to equities, taking the view the strong rally in financial bonds will cool in 2013.

Returns from the UK equity market have come in for some heavy criticism recently, but experienced investor Graham Ashby argues returns over the last decade show it has been far from a poor choice for investors.

The Financial Services Authority (FSA) has fined three Lloyds Banking Group firms a total of £4.3m for failings that resulted in up to 140,000 customers receiving delayed payment protection insurance (PPI) redress.

Kames Capital's Phil Milburn is sticking with his underweight to European high yield within his £1.4bn High Yield Bond fund, although it has hurt performance over the past year.