News

Scottish Widows Investment Partnership (SWIP) contributed more than £4m last year toward compensating investors in failed investment company Keydata.

Declines in metals and other commodity prices have caused global indices to report losses for Tuesday and Wednesday morning.

Portugal's caretaker prime minister Jose Socrates has announced he has reached agreement on a bail-out from the EU and the International Monetary Fund.

Henderson Global Investors has revealed assets under management (AUM) fell £1.2bn in the Q1 of this year following the transfer of cash funds to DB Advisors.

Oil major BP has agreed a deal with the US Department of Justice to pay $25m following the Prudhoe Bay oil spill in 2006.

Threadneedle has promoted Simon Brazier to head of UK equities, giving him sole responsibility for leading the firm's UK equity team.

Schroders has renamed its gold and metals fund and changed the investment objective to allow it to invest in a different set of underlying commodities, including gold equities for the first time.

Berkshire Hathaway's Warren Buffett has conceded he made a mistake in managing his executive David Sokol, who was accused of insider trading and resigned in March.

Artemis has hired Simon Edelsten and Alex Illingworth to build a new global stockpicking franchise for retail and institutional clients.

F&C Asset Management has reported a £100m rise in AUM in Q1 following net inflows, positive market movements and an appreciation of the euro against sterling.