Woodford fund drops £31.2m from a single holding
Benevolent AI saw its share price drop from £7.01 to £3.42 per share
Author: Christian Mayes
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Fitch downgrades UK’s outlook to negative
Ratings agency cites ‘lack of independent evaluation’ of mini budget among reasons
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AllianzGI bolsters Brunner Investment Trust team with senior portfolio manager
Julian Bishop brings over 25 years of industry experience to the role, which he will take up on 1 November
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Franklin Templeton and Matthews Asia funds lose Square Mile ratings
While strategies run by Harry Nimmo and Richard Colwell are downgraded/suspended ahead of their retirements
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Industry backs chancellor’s plan to extend VCTs beyond 2025
Half of VCTs sell their goods and services abroad, compared to the UK average of 10%
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Second Kwarteng climbdown sees fiscal plan brought forward
But sterling rebound may not mean confidence in the government is on the rise
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Invesco head of multi asset David Millar to retire
Georgina Taylor will succeed him, while Clive Emery takes on the new role of head of multi-asset strategies
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Ruffer appoints co-manager to replace Hamish Baillie
Jasmine Yeo has been with the company since 2017
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AJ Bell inks £150,000 consultancy agreement with ex-CEO Andy Bell
He will work for the platform at least 48 days a year
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Kwarteng backtracks on tax cut for highest earners
The ’embarrassing’ U-turn follows criticism from Conservative MPs and the IMF
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Hargreaves sharpens ESG pruning shears
As it sets up dedicated team of analysts to assess environmental, social and governance risks
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Quilter’s Wealthselect MPS backs fixed income but swerves gilts
Weighting to equities pared back as ‘further deterioration’ expected
