News

Gartmore has appointed Brian Mitchell as head of dealing, reporting to CIO Dominic Rossi.

Standard Life has named group finance director David Nish as successor to group chief executive Sir Sandy Crombie from 1 January 2010.

Financial stocks are struggling this afternoon following Bank of America's announcement it suffered a $1bn (£612m) net loss in Q3.

Cautious managed funds closed the gap on the top selling UK Corporate Bond sector on Fidelity FundsNetwork last month, seeing 11% of total inflows on the platform.

European markets opened in positive territory this morning with the FTSE Eurofirst 300 and the FTSE All-Share both up 0.8%.

The next leg of the bull market in global equities will be driven by earnings, says BlackRock's Richard Turnill.

Henderson's head of UK wholesale, Laurie Jaques, has left the firm to pursue opportunities elsewhere.

Jubilee Financial Products (JFP) has expressed an interest in acquiring parts of structured product provider, NDFA, which went into administration yesterday.

The number of finance professionals setting up their own investment management businesses is growing, according to Laven Partners.

European markets have broadly continued gaining on Wednesday's highs, following encouraging US earnings and the resulting strength in US markets.