News

J.P. Morgan Asset Management's Nick Gartside bought Spanish 10 year debt as the ECB's bond buying plan, announced last week, means he now knows "the rules of the game".

The IMA has announced a series of changes to its board with the appointment of Andrew Formica, (pictured) chief executive of Henderson Global Investors, and Mark Zinkula, CEO of L&G Investment Management.

A Conservative peer has urged the coalition to cut capital gains tax (CGT), arguing it discourages savings and investment and damages growth.

Wealth manager Brooks Macdonald has announced a spate of acquisitions alongside a hike in profits which have jumped 17% to £8.5m year-on-year.

Shares in UK defence contractor BAE Systems reversed a late rally last night to fall 9% this morning, after announcing it was in talks with European peer EADs about a merger.

Liontrust Asset Management has hired Samantha Gleave from Bank of America Merrill Lynch as the third manager on its European team.

Aviva is to axe four products to new business, including its self-invested personal pension (SIPP), blaming duplication in the product range for the move.

The Financial Services Authority (FSA) has banned former HBOS executive Peter Cummings and fined him £500,000 for failings within the company's corporate division.

Fidelity has expanded Trevor Greetham's Multi Asset range of funds with the launch of a higher risk adventurous fund.

Invesco Perpetual has appointed David Millar, Dave Jubb and Richard Batty to form a new multi-asset group as part of a drive to expand its business.