News

BlackRock is overhauling the investment objective of its Global Equity fund and plans to boost exposure to emerging market equities.

Scottish Widows Investment Partnership (SWIP) has moved to reassure wealth managers that one of its rising stars, absolute return manager James Clunie, will remain in his role despite a major overhaul of its equities business.

US markets opened lower today while the FTSE 100 continued its slide as economic data from China and concerns over Spain's finances dampened sentiment.

The head of asset allocation at Schroders Private Bank has cut back clients' exposure to gold amid fears the price has further to drop.

J.P. Morgan Chase, the US banking giant based in New York, saw profits fall 3.1% overall in Q1, but still beat analysts' forecasts.

As governor Mervyn King approaches the end of his tenure, speculation is mounting over who will take the hot seat at the Bank of England when he steps down.

Kames Capital has moved its Inflation Linked fund into the IMA's Mixed Investment 0-35% Shares sector.

Goldman Sachs has been fined $22m by a US regulator for failing to prevent upcoming research from its analysts being passed on to its top clients.

China's economy, the world's second-largest, has expanded at its slowest pace in almost three years.

Scottish Widows Investment Partnership(SWIP), the asset management arm of Lloyds, is shutting down a string of its regional investment desks with the loss of 23 investment roles.