News

Asian insurer AIA raised $17.8bn in its long-awaited IPO this morning, valuing the group at $30.5bn.

Jupiter financials specialists Guy de Blonay and Philip Gibbs have placed an order for shares in the giant AIA share offering.

Sam Peters is joining Bill Miller as co-portfolio manager of the Legg Mason Capital Management Value Trust on 1 November.

The FTSE leapt to a six-month high on Thursday thanks to bumper corporate results across Europe and the US and a strong showing from miners.

Legg Mason veteran Bill Miller, the renowned manager who beat the S&P 500 for 15 consecutive years, believes US equity markets could climb by as much as 20% over the next year.

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Brevan Howard's Philippe Lespinard is joining Schroders in the newly created role of fixed income chief investment officer.

The FTSE 100 rose 0.5% to 5,757.22 in early trading, despite negative company announcements across various sectors.

Goldman Sachs could repay a $5bn preferred stock investment from Warren Buffett's Berkshire Hathaway, which helped the bank negotiate through the 2008 financial crisis.

The Chinese economy expanded by 9.6% in the third quarter, a slight drop from 10% in the previous period.