News

Greece is understood to have created a working group to assess how much Germany owes it in war reparations, in an astonishing twist to the eurozone crisis.

Chief executive officer and chairman of Legg Mason Mark Fetting is to step down on 1 October.

Henderson is launching a European high yield bond fund for fixed income duo Stephen Thariyan and Chris Bullock.

Ecclesiastical is launching RDR-ready institutional share classes across its range of six funds.

Global equities manager Wes McCoy has rejoined Standard Life Investments after taking a break from the industry.

Head of FundsNework David White is to leave Fidelity after ten years with the company.

Tim Barker has joined Old Mutual Asset Managers as head of credit research within the group's fixed income and macro team.

SVM's Colin McLean has revamped the mandate of the £4m UK Emerging Fund plc and sold half the stocks in the portfolio, following the departure of manager Donald Robertson.

The Financial Services Authority has fined BlackRock Investment Management (UK) Limited (BIM) £9.5m for client money breaches.

Shares in luxury brand retailer Burberry today dropped nearly 20% after it announced profits will be at the lower end of forecasts this year.