News

The Financial Services Authority (FSA) has brought cases against Arch Financial Products and the company's chief executive Robin Farrell and chief operating officer Robert Addison.

Lindsell Train co-founder Nick Train said he is no longer comfortable increasing exposure to Hargreaves Lansdown, amid fears its share price could suffer a setback as the firm adjusts to the world post-RDR.

SVM Asset Management is to close its underperforming UK Absolute Alpha and Cautious Managed funds at the end of the year due to their small size.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.

European markets were flat in mid-morning trading today as investors paused for breath amid fresh rumours Spain is about to request an official bailout.

Neptune founder and CEO Robin Geffen expects global growth to accelerate over the next six months, and said consensus views on China are too bearish.

F&C Investments has overhauled its fixed income arm, with six members of the team - including fund manager Fatima Luis - exiting the business.

M&G reported a record level of net inflows in the third quarter of £6.4bn, bringing total inflows to £11.3bn for the first nine months of the year, a 329% rise from 2011.

Invesco Perpetual's Neil Woodford said he is sticking by his significant weighting to tobacco stocks despite concerns over earnings momentum and new packaging rules putting pressure on share prices.