News

Research from Nomura and data produced by Morningstar for Investment Week challenge the view concentrated equity portfolios are riskier propositions in volatile markets.

Sanjeev Shah has stepped down as manager of Fidelity's Special Values investment trust, after requesting to be taken off the mandate.

Asset management and advisory group Ashcourt Rowan has narrowed its losses after implementing a programme of cost savings following a strategic review of the business.

Brussels is proposing new rules to prevent the manipulation of LIBOR as part of a crackdown in the wake of the rate-fixing scandal.

A number of fund providers are supporting the split of the Absolute Return sector into sub-categories based on strategy, which could see many vehicles in the Unclassified and Specialist sectors moved into the new groupings.

Financial adviser Lighthouse Group has announced it plans to de-list from AIM.

The Royal Bank of Scotland (RBS) is fighting against a court order which requires it to co-operate with an international criminal investigation into rate-fixing.

The FSA has written to fund houses requesting reports on whether their corporate bond funds could meet redemption demands, amid liquidity concerns in the fixed income market.

The Dow Jones Industrial Average shed over 100 points shortly after the opening bell as US non-farm payroll data came in below analysts' expectations.

Old Mutual Asset Managers' European equity manager Kevin Lilley is adding exposure to riskier sectors on the continent, increasing his overweight to banks in the view too much bad news is priced in to the market.