News

MAM Funds has upped its stake in Colin McLean's £146m SVM Global investment trust, fuelling speculation of impending corporate action by its shareholders.

The incoming Prudential Regulation Authority (PRA) may impose restrictions on what staff at banks and investment firms can earn if the levels of remuneration pose a threat to the business's health.

Nat Rothschild announced his shock resignation from the board of coal group Bumi last night and said he had "great regret" in bringing its Indonesian backers to London.

European markets have made steady gains throughout the day, fuelled by reports Spain will ask the eurozone for financial aid next month.

The much coveted Nobel Prize for economics has been awarded to game theorists Alvin Roth and Lloyd Shapley for an "an outstanding example of economic engineering".

Analysts have suggested the rest of October will be a 'make or break' period for US equity markets as companies continue to report their Q3 earnings.

Global asset allocation managers are reviewing their strategies as the valuation gap between US and European equities widens.

Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director.

Investors looking to purchase consistently outperforming funds may end up paying more to do so in future, Jupiter's CIO John Chatfeild-Roberts has said.

A number of leading asset managers have introduced premium prices on popular products and specialist mandates ahead of the move to unbundled pricing next year.