News

UK shares were once again lower this morning, extending yesterday's sharp losses as falls in Asia overnight impacted confidence.

Saracen Fund Managers has acquired the mandate to run the Bloxham Global Equity Income fund, as part of a plan to merge it with their own Global Income and Growth fund at the end of the year.

Hargreaves Lansdown co-founder Stephen Lansdown is to step down from the board in November the group said today, after revealing profits had jumped 21% in the last year driven by revenues from its Vantage platform.

Mark Hoban has been moved across from the Treasury, where he is currently financial secretary, to the Department for Work and Pensions as part of the government reshuffle.

Jupiter has hired Maarten Slendebroek from BlackRock as an executive director, to spearhead the group's distribution strategy as the business gears up for the post RDR-world.

Henderson Global Investors has promoted long-serving bond fund manager Jenna Barnard to deputy head of retail fixed income as part of a series of changes to the team.

Standard Life Investments has hired Kirsty Desson as an Asia Pacific analyst on Harry Nimmo's Global Smaller Companies fund.

Gold has climbed to its highest level in more than five months as speculation the next round of QE in the US is just weeks away pushed the precious metal higher.

HSBC Global Asset Management has launched an RDR ready share class on its passive fund range.

Shares in Royal Bank of Scotland led the FTSE 100 lower in early trading after MPs criticised the bank over its IT failure in June.