News

Schroders head of UK equities Richard Buxton has called on providers to cull the number of "indifferent" products currently offered to the retail market.

Pimco, the manager of the world's largest bond fund, has been selling down treasuries as it expects a second round of debt purchases by the Federal Reserve to have limited impact.

Man Group has completed its purchase of GLG Partners, creating a diversified fund group running $63bn of assets.

The FTSE continued to feed off global optimism in early trading on Thursday, extending yesterday's 1.5% gain.

Invesco has been unable to find a buyer for its stricken Property Income trust, which remains in breach of its banking covenants.

The pound has fallen to a five month low against the euro amid a rising claimant count and falling consumer confidence.

HSBC Global Asset Management has added sterling share classes to nine of its offshore emerging market funds, making them more easily accessible to retail investors.

BlackRock's Richard Plackett has handed the management of his UK Smaller Companies fund to co-manager Ralph Cox.

The FTSE climbed 1.1% this morning to 5,724.37 after rumours of more quantitative easing from the Federal Reserve gained momentum last night.

Standard Chartered's surprise £3.3bn rights issue has cast doubt on the capital requirements of the entire banking sector, Henderson financials specialist Emily Adderson says.