News

The senior regulator who will be in charge of supervising banks has warned that institutions will still be allowed to fail, despite more rigorous oversight of the businesses under the new regime.

Barclays has launched Retail Distribution Review (RDR)-ready share classes on its active and passive funds and discretionary offerings.

Clive Beagles, manager of the £1.3bn JO Hambro Capital Management UK Equity Income fund, is continuing to back UK domestic names, throwing his weight behind unpopular "market laggards" Tesco and Halfords.

Credit Suisse is selling its $17.2bn European ETF business, with BlackRock and State Street among the firms that have bid for the business, according to reports.

The manager of the GAM Star US All Cap Equity fund has overhauled his portfolio in an attempt to boost returns following a period of lacklustre performance and outflows.

Fidelity's new hire Jeremy Podger has backed Google as one of several changes to the Global Special Situations fund, in spite of the sell-off following the tech giant's bungled Q3 earnings release.

The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.

The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.

MAM Funds is planning a share issue for Gervais Williams' Diverse Income trust, through which it hopes to raise £20m of new assets.

The FTSE 100 made marginal gains this morning as investors look through a tough session on Wall Street Friday, and a mixed day in Asia, to focus on an expected improvement in economic data later this week.