News

The Malaysian branch of CIMB bank has snapped up the Royal Bank of Scotland's Asia Pacific units as the bank makes further moves to streamline operations.

The improving strength of the UK's manufacturing and services sectors should ensure the economy avoids a double-dip recession, said the British Chambers of Commerce.

Ian Hannam, the chairman of capital markets at JP Morgan Cazenove, has resigned after the FSA proposed to fine him £450,000 for market abuse.

Robin Geffen and Neil Woodford are among shareholders in International Power calling for French utility firm GDF Suez to hike its bid for the group.

The FTSE 100 has traded flat at the open after gaining 1.9% yesterday - a day which also saw leading US indices reach their highest levels in four years.

Apple shares are set to hit $1,001 within a year, lifted by growth in China, according to a broker note from Topeka Capital Markets.

The £1.9bn Troy Trojan fund has moved IMA sectors in order to give the portfolio the ability to become fully invested in equities over the longer term.

Consistent outperformance is rare among UK retail funds, with only a handful remaining in the top quartile over five- and ten-year periods, research by Scottish Widows Investment Partnership (SWIP) has found.

Aberdeen Asset Management CEO Martin Gilbert said he wants to oust Katherine Garrett-Cox as chief executive of the £2.1bn Alliance Trust.

Aberdeen Asset Management CEO Martin Gilbert has sold £771,000 worth of his shares in the company in a bid to bolster Aberdeen portfolios.