News

Norway's oil-backed sovereign wealth fund has outlined its fierce opposition to the proposed Glencore-Xstrata merger, putting the proposed $30bn takeover under threat.

Martin Currie has hired sales manager Phil Raby to spearhead the firm's intermediary business in the North of England, the Midlands and South West.

Boston-based Fidelity Investments has promoted Abigail Johnson, the daughter of the firm's CEO Edward "Ned" Johnson, to head up the company's financial services business.

Liberal Democrat leader Nick Clegg will argue for a "time-limited" extra tax on the UK's wealthiest people as politicians reconvene after their summer breaks.

Financial services firms have warned the cost of complying with regulations after the FSA is split next year could rise by 20%, according to a survey by consulting firm Protiviti.

Henderson's Richard Pease has predicted a ‘stampede' into European equities as soon as the government bond bubble bursts and investors begin demanding better real returns.

The Spanish region of Catalonia has asked the central government for a €5bn pay-out to help the struggling region, amid the country's latest GDP data showing it is in a deeper recession than feared.

Standard Life has overhauled its UK operation following a senior management review and launched a dedicated adviser and investment unit.

Fixed income continues to be the asset class of choice for UK retail investors, accounting for more than half of July's net retail sales, the latest figures from the Investment Management Association (IMA) show.

Global asset allocators are urging investors to look past the VIX index's fall to a five-year low last week, and shield assets against a further bout of volatility in the coming months.