News

M&G posted net retail sales of £5.6bn for the whole of 2009, putting it way ahead of second placed Invesco Perpetual on £3.62bn, according to Lipper.

The FTSE was flat in early trading Thursday despite a positive outlook from defence contractor BAE Systems.

Semperian, a £1.3bn property fund spun out of Land Securities, has pleaded guilty to an FSA charge of failing to ask for the regulator's approval when it bought an FSA registered business.

George Soros doubled his investment in the world's largest gold fund just weeks before claiming investing in the precious metal is now the "ultimate bubble".

Barings' Percival Stanion remains positive on the long-term prospects for equities but has no plans to increase allocation in the near-term on valuation grounds.

Scottish Life is to switch the underlying investment of its UK Equity Core Plus Pension fund to Cazenove UK Growth & Income.

Threadneedle has hired Chris Kinder from RWC Partners to its UK equity team.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to freeze quantitative easing earlier this month.

T.Bailey is planning to merge its £1.7m UK Best Ideas fund into its £158m flagship Growth portfolio.

BNP Paribas is offering its Vol Edge fund to UK investors for the first time.