News

Jupiter Investment Management Holdings has appointed former M&G group finance director Philip Johnson to the newly-created role of chief financial officer (CFO).

Henderson New Star has received FSA and unitholder approval for the merger of a number of funds in the New Star UK equity range.

Firmer commodity prices lifted mining stocks and led the FTSE higher on Friday following two sessions of losses.

Crosby Asset Management (CAM) has terminated its joint venture with Apollo Multi Asset Management.

Bonds continue to dominate UK net retail sales although equity funds are starting to gain ground, according to IMA sales figures for July.

Lloyds Banking Group has dismissed as "rumour" reports it may sell part of its fund management business in a bid to raise cash following its bailout by the UK Government.

Swip has named Luke Hickmore and Neil Murray as the managers on four of its bond funds, following the defection of four of its fixed income team to Alliance Trust.

Redemptions from the New Star fund range slowed significantly in the months following its takeover by Henderson, with the group noting just a £200m net outflow from April to June.

Lloyds Banking Group is among the early losers on Thursday despite reports it is considering a new form of capital to offer to shareholders in a bid to cut its use of the Government's insurance scheme for toxic assets.

F&C has made a debt exchange offer to holders of its £260m in subordinated notes, in a move aimed at reducing its gross and net debt.