News

Allianz Global Investors is to merge away three UK equity funds as it refocuses its adviser business in the UK.

US President Barack Obama and Republican challenger Mitt Romney locked horns over the economy last night in their first televised presidential debate.

The UK economy is in "a very deep crisis" and it is difficult to predict when it will recover, according to business secretary Vince Cable.

Oil prices dropped yesterday as economic data from China and Europe renewed concerns about a slowdown in global demand.

UK growth may yet provide a positive surprise relative to developed market peers, according to analysts at Credit Suisse.

Janus Capital has launched a Global Flexible Income fund for managers Gibson Smith, Darrell Watters and Chris Diaz.

Net retail sales for August plunged to their lowest level since October 2008, new IMA statistics show, dragged down by record outflows from the UK All Companies sector.

Neptune Investment Management has shut its £1m UK Alpha fund due to insufficient assets.

First State has reshuffled the co-manager line-up on its £815m Asia Pacific and £510m Greater China Growth funds.

Skandia head of digital marketing, Jeremy Mugridge, has left the business to join a product design agency.