News

Investec Asset Management has moved to limit inflows into its award-winning UK Smaller Companies fund, run by Phil Rodrigs.

Standard Life has confirmed it is to cut 139 jobs from across its business

Fund manager Gervais Williams says he manages his own finances because financial advisers are expensive and apt to confuse.

The minutes of the last Monetary Policy Committee meeting held on 7 and 8 November reveal David Miles was the only member calling for a boost to the Bank of England's quantitative easing programme.

The merger of Glencore and Xstrata to form the world's largest mining company has finally been approved by shareholders, but has claimed the job of Xstrata chairman Sir John Bond in a row over pay.

Old Mutual Wealth is planning to turn around its Skandia platform by halving costs as a proportion of FUM after the business made a £5m loss in the first half of 2012.

Specialist fund group Ocean Dial Asset Management has launched the Gateway to India fund, which is a 30-35 stock portfolio focused on domestic growth companies.

Eurozone finance ministers have failed to reach a deal to give Greece the next tranche of its bailout, after 12 hours of talks.

Hewlett-Packard shares have fallen as much as 14% after it announced an $8.8bn writedown relating to its acquisition of Autonomy.

The state of banks' financial health remains "obscure" and means they should be avoided by investors for now, Liontrust's Jan Luthman has said.