News

A marked rise in net fee income in its investment management division helped Rathbone Brothers post a 30% increase in profits in 2011.

The euro rose sharply against the dollar as news of the €130bn loan to Greece was announced.

Greece will receive emergency funding of €130bn after a second bailout of the stricken nation was agreed.

Investment trusts have substantially outperformed unit trusts and OEICs over the past decade, according to research.

Increasing tensions between the West and Iran have helped push Brent crude to an eight-month high of $121 a barrel, leaving many concerned over the longer-term impact.

M&G tops both retail sales lists as investors seek out bond funds, while BlackRock's active and passive vehicles also prove popular.

Kevin McConnell, manager of Bloxham's outperforming Midas Global Absolute Return fund, has warned many of the UK's absolute return vehicles are too correlated to equity markets.

Hedge fund star George Soros has been expanding positions in a number of his technology favourities, increasing his overall exposure to the sector by 15%.

Guinness Asset Management has launched a new share class across its fund range, becoming the latest firm to gear up for RDR with the launch of a ‘clean fee' structure.

The Financial Services Authority (FSA) has fined Santander £1.5m for failing to confirm to customers the circumstances under which its structured products would be covered by the Financial Services Compensation Scheme (FSCS).