News

The FTSE 100 is drifting into lower territory this morning, with miners and Olympic security firm G4S all acting as a drag on the wider market.

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Advisers are finding the rules around the disclosure of charges and services as the most challenging aspect of the Retail Distribution Review (RDR), a survey has suggested.

Invesco Perpetual's Neil Woodford has said the criticism directed by MPs at G4S CEO Nick Buckles over Olympics security was like a "medieval persecution'.

Carmignac Gestion has followed Legg Mason in adding some of its flagship funds to the IMA's sector listings for the first time, while PIMCO is understood to be in talks to make a similar move.

AstraZeneca has named Pascal Soriot, Roche's chief operating officer of pharmaceuticals, as its new chief executive officer.

Apple shares hit a new record of almost $681 a share in US trading overnight as investors continued to digest the fallout from a $1bn patent lawsuit.

Fidelity Worldwide Investment has handed its £1.1bn Japan Advantage fund to Mark Buffett as Ron Slattery steps down from fund management due to family circumstances.

Investec Asset Management has appointed Schroders' Michael Spinks as part of an expansion of its $13bn multi-asset offering.

The Office for National Statistics has revised up its estimate of second quarter growth from a 0.7% contraction to a fall of 0.5%.