News

A number of the UK's most respected fund managers have called for the removal of Prudential CEO Tidjane Thiam.

Guy Naggar and Peter Klimt, whose Dawnay Day property investment business collapsed during the credit crunch leaving creditors out of pocket, have bagged a windfall of nearly £44m.

George Osborne is preparing to unveil a range of key-opt outs to CGT rises, including for Britons approaching retirement, as opposition grows against a blanket tax hike.

The euro will have broken up before the end of this Parliamentary term, according to the majority of economists surveyed by The Sunday Telegraph.

Financial services PR firm Broadgate Mainland has announced the death of Neil Mainland yesterday evening, following a long battle against cancer.

Embattled BP chief executive Tony Hayward has reassured investors the firm's obligations will be met but has failed to guarantee dividends.

Schroder Income duo Nick Kirrage and Kevin Murphy have increased their position in BP over the past 48 hours, believing it is "almost inconceivable" it will face a fine above the $50bn level which would put its dividend in jeopardy.

Jupiter has hired two managers from RWC Partners to run global convertibles and multi-asset strategies.

Wealth adviser Towry has appointed Aberdeen head of multi-manager Robert Dawkins as chief investment officer.

Perpetual Income & Growth Investment trust (Pigit) has postponed its issue of B shares because of uncertain market conditions.