News

Insurance giant Old Mutual, the parent of fund supermarket Skandia, saw shares lead the FTSE 100 in early trading after reporting a jump in profits.

US markets climbed overnight to finish the session stronger ahead as Greece managed to avert an immediate default.

Skandia UK has revealed plans to offer advisers the chance to co-brand the platform, as well as expand the range of services customers can directly access on its platform, amid a fall in profits.

Greece has confirmed it received enough support from creditors to carry out a vital debt swap which drastically cuts the value of debt owned by bondholders.

Chinese inflation has fallen to a 20-month low, giving further room for policymakers to stimulate the economy.

Rising tensions between Iran and the rest of the world could prompt a sharp correction in equity markets, according to Lorne Baring, managing director of B Capital Wealth Management.

Corporate profitability in the UK may have bounced back over the past two years but it is not likely to remain at high levels, according to RWC Partners' Nick Purves.

Santander multi-managers Tom Caddick and Toby Vaughan have bought into the BNY Mellon Absolute Return Equity fund as they take a "relatively cautious" view on risk assets.

A fund manager's age does have an effect on whether they are likely to outperform, with those in their early 40s most likely to beat their peers, according to research from Scottish Widows Investment Partners'(SWIP) multi-manager team.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.