News

Schroders recorded a £800m net retail inflow in Q3, with flows slowing from the two previous strong quarters.

A BUBBLE IN GOLD?

Skandia Investment Group has cut a €38m mandate run by Roger Guy in its European Best Ideas fund, with the firm taking swift action following the Gartmore manager's decision to retire.

Boutique asset manager Evercore Pan-Asset has completed its risk-rated fund range with the launch of the PanDynamic Cautious Balanced and Cautious Growth portfolios.

BP is set to halve its previous £6bn annual dividend when it reinstates payouts early next year.

FLIGHT FROM GARTMORE 'INEVITABLE'

Towry head of marketing Peter Foster says the wealth manager might not launch its IPO for another 18 months and has disputed an estimate valuing the firm at £500m.

Dominic Rossi, who has resigned as CIO from beleaguered fund group Gartmore, is joining Fidelity Investment Managers.

The FSA has been warned new commodities ETFs launched by investment banks pose a danger to the metal markets.

Standard Chartered acheived a 98.5% take-up of its rights issue, raising £3.29bn for the Asian-focused banking group.