News

Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.

Ashcourt Rowan has poached Alan Scrimger from Standard Life Investments (SLI) to head the group's research proposition.

Threadneedle vice chairman Sarah Arkle has stepped down from the role and is set to take up a non-executive director position at Henderson.

First State Investments' head of property securities Andrew Nicholas has left the group to pursue a new opportunity in the industry.

Shares in social networking giant Facebook have hit a new low, falling another 6% after the first lock-in period ended and its largest investors were able to sell the stock.

Finland's foreign minister said the country is taking measures to prepare itself for a full-blown currency crisis in Europe.

Christopher Rokos, co-founder of hedge fund giant Brevan Howard, is leaving the company.

Royal London Asset Management(RLAM) reported net sales outflows of £310.3m during the first half of the year, primarily from fixed interest assets as three clients reduced their exposure.

China bull Mark Mobius, manager of the £10bn Templeton Asian Growth fund, said the country need not fear a hard or soft landing as the authorities will step in once more to manage economic growth.

Photos of HM Revenue & Customs (HMRC)'s 'most wanted' tax evaders have been posted online to prompt the public to report them.