News

Trustnet has launched Fundswire, an automated funds news service for advisers and their clients covering unit trusts, Oeics and investment trusts.

Lloyds is coming under pressure from shareholders to sell Scottish Widows, which could fetch the banking giant about £7bn.

Blue Sky Asset Management has agreed to a takeover by US investment bank Incapital, in a move to expand its structured product offering.

The IMA has reverted to a single UK Equity Income sector as of 1 July.

Warren Buffett's annual donation to the Bill & Melinda Gates Foundation rose with the value of Berkshire Hathaway stock this year by 30% to around $1.62bn.

George Osborne is taking a "severe risk" in putting the onus on taxpayers to reduce the £155bn deficit, according to Cazenove.

RBS has completed the sale of its metals, oil and energy business to J.P. Morgan in a deal worth $1.6bn (£1.1bn).

The board of the £42m Jupiter Green investment trust has made changes to the vehicle's investment policy following a strategic review.

The FTSE opened higher on Friday, at 4823.61, up 17.86 points (0.37%) after a late rally on Wall Street supporting prices.

Henderson has merged the New Star European Growth offshore Oeic into the Henderson Horizon Sicav and has renamed the vehicle the Henderson Horizon European Growth fund.