News

Guinness Asset Management has launched a new share class for its Global Equity Income fund, offering a TER of 0.74% that it says is the lowest in its IMA peer group.

The US technology sector has been "crushed" in recent weeks but remains on course for long-term gains, managers have insisted.

Personal Finance Society (PFS) chief executive Fay Goddard is to retire next near after five years in the job.

The man in charge of ensuring Britain's financial stability has warned MPs current plans to make banks safer do not go far enough, the Independent reports.

The Dow shed more than 300 points in yesterday's session as investors questioned re-elected President Barack Obama's commitment to dealing with the US fiscal cliff.

The cost of its contribution to the Financial Services Compensation Scheme has cost Charles Stanley 40% of its pre-tax profit in the last half-year.

Aviva's programme of job cuts, which will see 800 staff made redundant, is on track to save the insurer £250m by the end of the year, according to latest results.

Schroders has reported a fall in pre-tax profits for the year to September and warned of a slowdown in its institutional business, although its intermediary arm has offered a boost.

Marlborough Fund Managers is poised to acquire BNP Paribas' ACD business in the UK in a deal which will substantially enhance its presence in the marketplace.

The S&P 500 has opened down 1.4% and the Dow Jones Industrial Average has shed 200 points in the first trading session after President Obama's election victory.