Woodford flagship fund most sold in January
Neil Woodford’s flagship equity income vehicle topped The Share Centre’s most sold fund list in January, sharing the spotlight with several other big names in the UK retail space.
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Author: Kristen McGachey
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RBS’ shares wobble after report confirms ‘gruesome culture’ of GRG
Shares in RBS wobbled slightly after an unredacted report by the Financial Conduct Authority (FCA) into its now infamous Global Restructuring Group (GRG) revealed its unfair treatment of customers was more widespread than the bank let on.
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Ex-Intrinsic CEO Freeman to finally retire from OMW
Old Mutual Wealth (OMW) has announced its chief distribution officer Richard Freeman will retire for real by the end of June this year.
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FCA and IA launch fintech initiatives
Fintech was the order of the day on Monday as the Financial Conduct Authority and Investment Association launched initiatives aimed at supporting innovative firms that have the potential to transform the asset management industry.
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Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
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Arbuthnot Latham names investment heads in top brass shakeup
Arbuthnot Latham has appointed Coutts & Co alumni Colin MacKenzie and Dean Moore to key posts within its investment and wealth management divisions, following a top brass overhaul.
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January retail sales slump confirms ‘slowdown’ trend
The UK saw another month of weak retail sales that lagged consensus expectations in January, confirming that the long-term trend is toward a “slowdown”.
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City of London IT underperforms after Provident Financial hit
City of London Investment Trust failed to beat the FTSE All-Share Index over the half-year, as Provident Financial and a low exposure to the mining and oil sectors weighed heavy on performance.
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Wells Fargo AM continues multi-asset push with Schroders hires
Wells Fargo Asset Management has hired a pair from Schroders to fill key senior roles in its London-based multi-asset team.
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Standard Life Aberdeen shares hit as Lloyds bids adieu
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
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Dividends drive Lindsell Train Japan fund’s surprising outperformance
Dividend hikes from Nintendo, Kao and Shiseido helped the Michael Lindsell-run Japanese Equity fund to “surprisingly” outperform the Japanese stock market, according to the fund’s latest monthly update.
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GKN pledges £2.5bn to shareholders to keep £7bn takeover at bay
GKN has promised to return £2.5bn in cash to shareholders over the next three years to defend itself against a £7bn hostile takeover from Melrose Industries.