News

Income stalwart Richard Hughes will be replaced by Alex Odd as the manager of M&G's £501m Dividend fund from next month.

Oliver Kelton has taken over as manager of the Waverton European fund as former manager Katrina Norris focuses on other parts of the business.

Threadneedle has launched a commodities fund for David Donora, the head of the group's commodities desk.

PIMCO has warned the global economy faces the threat of rising inflation, driven partly by central banks using it as a solution to fiscal deficits.

Barclays Capital's Research Analysis Driven Absolute Return (RADAR) fund has introduced an exposure to US equities, reflecting the group's bullish view on the market.

Any future increase in ISA limits could be exclusively reserved for green/low carbon ISAs, according to a new report commissioned by the Government.

L&G Investment Management's Nick Brack has joined Charlemagne Capital as the head of UK mutual fund sales.

Growing negative sentiment surrounding oil giant BP has led to one of its bonds being the most shorted of any US investment grade corporate issue.

The FTSE 100 fell just under the 5,000 mark in early trading, down 1.44% to 4998.5, as investors reacted to falls for global markets in the US and Asia overnight.

Industry commentators say Aviva could set its sights on arch-rival Prudential, which is still recovering from its failed $20bn takeover of AIG's Asian business.