News

Skandia's platform sales have bolstered Old Mutual's interim results in the UK, with total net inflows of £0.4bn.

Fund of funds and trackers saw strong Q2 sales this year but interest in ethical funds fell away, according to IMA figures.

Lloyds Banking Group is supporting the flagging FTSE on the back of better-than-expected results, having posted a six-month loss of $4bn, £1bn lower than many analysts had forecast.

Standard Life's underlying profits before tax fell 86% over the past year, though its dividend has been increased.

F&C Asset Management has reported a £8.7m after tax loss for the first six months of the year, with strong currency movements contributing to a £10.3bn fall in AUM.

Jubilee Financial Products is delaying the strike date on its suite of four structured products until 25 September in anticipation of a market correction.

Merrill Lynch strategist Bill O'Neill remains positive on the outlook for China, but believes other emerging markets offer better value than the remaining BRIC countries.

BlackRock's Colin Graham is maintaining a short-term bias towards equities in his Balanced Growth Portfolio fund, but warns the asset class could suffer next year.

The Dow Jones has opened lower this morning following news US personal income has suffered the largest drop in four years.

FundQuest CIO Giles Gilbertson is has left the company after less than a year in the role.