News

The Bank of New York Mellon will acquire Insight Investment Management from Lloyds Banking Group for £235m.

Hargreaves Lansdown has removed the Artemis UK Smaller Companies fund from its Wealth 150 list.

The Dow Jones has fallen 1% this morning as investors await the outcome of the Federal Reserve's two-day rate setting meeting.

The Swip Pan-European Smaller Companies fund has been awarded an ‘A' rating from OBSR.

BlackRock CIO Bob Doll believes the S&P 500 could reach 1,250 during this cyclical bull market, but he expects the markets to face a near-term correction.

GLG has appointed Nick Judge, formerly managing director of Merrill Lynch's equities division, to its UK asset management team.

The FTSE 100 is down slightly in late morning trading despite receiving an initial boost on news Friends Provident has agreed a takeover by Clive Cowdery's Resolution.

Friends Provident's board has recommended shareholders accept the latest acquisition offer from Resolution.

Franklin Templeton emerging markets guru Mark Mobius said global stocks were likely to face a correction of up to 30% some time this year.

In the US, the largest stocks began a retreat after weeks of gains with the benchmark Dow Jones down 19.34 points to 9,350.73 in early exchanges.