Pearson returns to the black
Academic publisher Pearson returned to profit in 2017 after posting a loss of nearly £2.5bn in 2016, its annual results showed today.
Author: Adam Lewis
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AJ Bell considers float, according to reports
Investment platform AJ Bell, which sits on assets under administration of close to £40bn, is considering plans to float on the public market, according to reports.
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First State to shut down global resources capability
First State Investments has announced its intention to shut down its global resources capability, which will lead to the closure of its £455m Global Resources fund, managed by Todd Warren and Tal Lomnitzer.
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Number of trusts paying quarterly dividends jumps to 50%
The number of investment trusts paying a dividend on a quarterly basis has risen to 50%, according to new research from the Association of Investment Companies (AIC).
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Can Europe maintain its stellar 2017?
Recent statistics from Eurostat showed that the European Union economy expanded at its fastest rate for 10 years in 2017, registering a 2.5% increase on the year before.
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AJ Bell launches active MPS
AJ Bell Investments has launched an active version of its Managed Portfolio Service, with six risk-managed portfolios.
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The dangers of key man risk in investment trusts
What a difference a couple of weeks can make in the investment trust world. At the start of February, the River & Mercantile UK Micro Cap trust was trading a 16.2% premium to net asset value (NAV), following a strong run of performance, but that was soon to change.
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Why new Temit manager is sticking with IT
Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust (Temit), said the portfolio’s core themes of investing in Information Technology (IT) and consumerism will remain during his stewardship, having just taken the reins from the outgoing Carlos Hardenberg.
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Managers slash equities and raise cash amid market falls
Global fund managers slashed exposure to equities in February and put more into cash, according to the latest BofA Merrill Lynch Fund Manager Survey.
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FSCS chair named
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have appointed a chair of the Financial Services Compensation Scheme (FSCS), with Marshall Bailey replacing Lawrence Churchill.
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Fidelity poaches Amundi’s head of equities to fill Rossi role
Fidelity has hired Amundi Asset Management’s head of equities Romain Boscher to be its new global chief investment officer, equities.
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AJ Bell adds Global Growth to MPS
AJ Bell has added a sixth portfolio to its managed portfolio service, this time investing in global growth equities.