News

Capita Financial Group (CFG) is set to begin redundancy consultations with its London staff ahead of a move to Leeds.

Old Mutual Asset Managers is launching a Dublin-domiciled bond fund for its head of fixed interest Stewart Cowley.

Threadneedle is launching a Luxembourg-domiciled Sicav range having completed the integration of the World Express investment funds business it bought earlier in the year, with hopes of strengthening its foothold in Europe and Asia.

Gartmore has poached John Bennett's three-strong European investment team from GAM to assist the manager when he joins the group in January.

Midas Capital today reports a loss for the first half of 2009 but says improving fund performance and a successful restructure of the business have put it in a good position for future growth.

The UK's largest stocks struggled to make headway in the last session of the quarter despite a positive performance for financials and insurers.

Wall Street got off to a shaky start today as traders digest positive news on the housing market and a negative read on the Conference Board's consumer confidence index.

Jubilee has increased the minimum investment level across its structured product range.

GLG Partners has launched a new fund targeting the debt of struggling UK and European companies.

Environmental and clean energy specialist Impax has won a €150m mandate to manage listed equities.