News

Investec is launching an inflation-linked fund, targeting a return of CPI inflation plus 5%, as part of an expansion of its Managed Solutions fund range.

Aviva Investors sent an e-mail by mistake on Friday dismissing its entire staff before retracting the message, according to reports.

French president Nicolas Sarkozy has lost the first round of the presidential election to his socialist rival Francois Hollande.

Capita Registrars has cut its forecast for dividend growth to 8.2% for 2012, despite payouts reaching record highs in Q1.

Moody's has downgraded Tesco's debt rating after warning it will "take time to revive profit growth" at the UK's largest supermarket.

Simon Ellis, managing director at Legal & General Investments, argues the fund management industry is becoming increasingly polarised, as large funds continue to dominate retail sales.

Newton has completed the merger of its £62m Newton UK Equity and £95m Growth funds into the £1.2bn Income fund, re-naming the product the Newton UK Equity fund.

Spanish and Italian bond prices have continued their decline as G20 leaders told European politicians responsibility for the debt crisis lies with them.

Peter Cockburn's £371m SWIP UK Select Growth and £124m UK Opportunities funds have been handed to James Clunie with immediate effect, as part of a shake-up at the firm which will see 23 investment roles culled.

Troy Asset Management managers Sebastian Lyon and Francis Brooke have backed bakery chain Greggs to overcome the impact of a change in VAT rules that sparked a political storm last month.