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.
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.
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).
Lloyds hands £1bn to shareholders after ‘landmark year’
Lloyds Banking Group has promised a £1bn share buyback, following a “landmark year” which saw it return to private ownership and profit rise 24%.
Hermes: Four views on how elections will impact EM
International politics is regularly in the spotlight and has historically been known to affect emerging markets. With several elections coming up across the region, four managers at Hermes Investment Management assess the potential impact on asset classes and how investors can prepare for the risks.