News

The UK's main inflation rate has jumped sharply to 2.7% in October, having fallen to a 34-month low of 2.2% in September.

Argo Group has launched an emerging markets hedge fund investing in bonds and currencies from a universe of over 40 emerging market countries.

A conflict erupted between the IMF and European Union last night as it was announced Greece would receive a two year extension to meet its debt reduction target.

Wealth manager Ashcourt Rowan has agreed to a fine of £412,000 from the FSA for a number of legacy issues relating to investment suitability in its Savoy business.

Verizon Wireless has ended months of speculation by announcing it will pay a total dividend of $8.5bn to its parent companies, Verizon Communications and Vodafone Group.

Fidelity's Anthony Bolton has conceded his China Special Situations trust has endured another 'disappointing' six months, but he is hopeful the upcoming leadership election could provide a boost to returns.

High-net-worth wrap provider Platform One and Seed EIS are to launch an integrated platform for Enterprise Investment Schemes.

Standard Life Investments (SLI), one of Xstrata's top ten shareholders, has vowed to vote against the proposed executive pay deal Xstrata board members are due to receive after merging with Glencore.

Brewin Dolphin has appointed COO Henry Algeo as group managing director, a role that will see him heading up the group's investment management offering.

Fund managers are boosting exposure to UK-listed asset management firms in their portfolios, seeing them as well-placed to act as a "tremendous play" on the next equity bull run.