News

The Investors' Capital trust raised £6.5m last year, reporting a dividend yield of 6.7% against 3% from FTSE All Share Capped 5% Index.

The head of Schroders' European equities team and manager of two of its funds, Gary Clarke, has left the firm to join JP Morgan.

The FTSE 100 rose 28.9 points to 5412.1 in midday trading.

Schroders has made hedge fund group Sloane Robinson accessible to retail investors with the addition of a new fund to its GAIA platform.

The Cautious Managed sector was the top seller on Cofunds in April whilst UK All Companies saw a net outflow as the uncertain political situation weighed heavily on investor sentiment.

Skandia UK has registered a 150% rise in net inflows in the first quarter compared to last year, which it attributes to the popularity of its fund platform and Spectrum range.

The FTSE opened more than 30 points up on Thursday as investors were buoyed by Spanish plans to tackle its budget crisis, a host of strong trading updates and a rally on Wall St.

A brave new world of politics or a wishy-washy sellout? Cameron and Clegg outlined their vision for coalition Government yesterday. Here's how today's papers reported it.

Hastily introduced banking industry regulation risks precipitating a second credit crunch, HSBC chief executive Michael Geoghegan has warned.

The main UK index recovered from a mixed morning as investors assessed the new coalition Government, closing up 46.24 points or 0.92% to 5,383.45.