News

Schroders saw net retail outflows of £2.7bn in the third quarter but a rise in performance fees helped boost asset management profits year-on-year.

Invesco Perpetual is to launch commission free share classes across its range by mid-2012, but will continue to pay a platform rebate.

Germany and France have begun preliminary talks about a possible break-up of the eurozone, according to reports, amid fresh fears about the future of Italy after the nation's cost of borrowing hit a new record.

Prudential has launched four risk managed portfolios for investors in its £66bn with-profits fund as it moves to attract advisers and clients post-RDR.

Jupiter Financial Opportunities manager Guy de Blonay has said his purchase of Man Group was a "mistake" and he has sold down the position.

Neil Woodford has revealed his "increasing concern" about the situation in the eurozone as he warns of a European credit crunch and the risk of the UK following Europe into recession next year.

The S&P 500 has shed more than 2% at the open alongside other US markets as investors panic over the turmoil in Italy and the growing threat of contagion spreading across Europe.

Patrick Evershed has claimed his former boss John Duffield bullied and humiliated New Star staff including withdrawing an offer of sweets from managers having a bad period of performance, according to his witness statement lodged with an employment tribunal...

Credit rating agency Moody's may downgrade Lloyds Banking Group because of the sick leave taken by chief executive Antonio Horta-Osório, which could hold back the bank's restructuring plans.

Fidelity's asset allocation director Trevor Greetham has bought Italian government debt at the margin in his multi-asset portfolios in expectation of ECB intervention, after yields spiked to record highs.