News

Tesco, the UK's largest retailer, has reported falling profits for the first time in 18 years, its latest financial statement has revealed.

The Financial Services Authority (FSA) has unveiled plans to tighten UK listing rules to prevent a small number of dominant shareholders having too much control over a listed company.

The Financial Services Authority (FSA) has defended its decision to warn providers and advisory groups about securing "distribution agreements" which may appear to be commission by another name, saying it has evidence of deals which have aroused its suspicions....

The manager of the world's largest bond fund has pointed to the US, UK, Spain, France, Japan and Greece as serial debt addicts whose government borrowing is spiralling out of control.

Small caps and European focused investment trusts topped the performance charts in the third quarter, while Japanese portfolios lagged, new data from Oriel Securities has revealed.

BNY Mellon has fully acquired the WestLB Mellon Asset Management joint venture in which it already had a 50% stake.

J.P. Morgan Asset Management's Alain Nsiona Defise has joined Pictet's fixed income team as head of emerging credit.

There is no longer any "good reason" why clients should pay above 40 basis points (bps) for access to a platform, an analysis of the market has concluded.

Providers will scramble to buy distribution ahead of the Retail Distribution Review (RDR) and will buy up IFA businesses "left, right and centre", delegates at this year's Institute of Financial Planning (IFP) conference heard today.

Former M&G manager Mike Godfrey has joined institutional investment boutique Marathon after leaving the asset manager last week.