News

The North American sector saw its highest ever inflows in February as UK retail investors piled into overseas equities, according to the IMA.

Liontrust Asset Management has announced positive net sales of £79m, the first time since 2004 net sales have been positive over a financial year.

Fixed income stars Jim Leaviss and Ian Spreadbury warn rate rises now would be "near intolerable" for households and expect bank rates to hover around record lows.

Norwich & Peterborough (N&P) has had its financial strength rating downgraded by Moody's, a week after the building society revealed it faces a £57m Keydata compensation bill.

BP shares closed down 2.2% in London yesterday on a report its managers could face manslaughter charges following the Gulf of Mexico oil spill, which could lead to much higher fines over the disaster.

Syz & Co, a Swiss banking group, is bringing 10 funds to the UK retail market including its flagship European offering run by former AXA manager Eric Bendahan.

Architas is increasing exposure to UK stocks across its multi-manager range, awarding mandates to Majedie Asset Management and TT International.

Barings is to close its UK Smaller Companies Trust as it is unlikely to attract further investors in the short term.

Former Gartmore star Guillaume Rambourg is looking for another role in fund management following the FSA's decision not to take any formal disciplinary action against him.

Invesco Perpetual's head of investment Neil Woodford warns BP and Shell are not attractive even with higher oil prices.