News

Former Neptune manager Nicola Muirhead has joined River & Mercantile Asset Management to work on its global equity team.

Societe Generale's former trader Jerome Kerviel has had his appeal quashed by a French court which also said he is liable for the €4.9bn he lost the bank.

David McCorkell, head of investment management at Brewin Dolphin, has retired with immediate effect.

The technology firm behind the Cofunds platform is in talks to run a full platform service for the company, Investment Week's sister title IFAonline understands.

Rathbone Unit Trust Management saw its eighth consecutive quarter of net inflows in Q3 as funds under management continued to grow.

Quilter & Co and Cheviot Asset Management are in talks to combine their businesses via a private-equity facilitated merger.

Markets across the US and Asia closed sharply lower overnight as investors switched to risk-off mode en masse.

Facebook, the social networking giant, saw its shares jump 14% after the US market closed yesterday following an update from the group which showed a major revenue boost from mobile ads.

Investors across Europe and the US are in flight-mode this afternoon, with US markets opening sharply lower as the weak corporate earnings season continues to plague sentiment.

A Financial Services Authority (FSA) thematic review has uncovered widespread failings among SIPP operators.