M&G and Schroders to leave the Investment Association
M&G Investments and Schroders are poised to leave the Investment Association after opting not to renew their memberships with the industry body.
Companies
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Old Mutual and Intrinsic launch UK advice arm
UK-based Old Mutual Wealth and its advice network Intrinsic have unveiled an advice business which aims to tap into underserved segments of the British market.
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Alliance Trust CEO Garrett-Cox steps down
Alliance Trust’s chief executive Katherine Garrett-Cox has stepped down from the investment company’s board as part of a shareholder triggered shake-up.
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Rathbones bolsters HNW focus with Vision acquisition
Rathbone Brothers Plc has bought the outstanding 80.1% of high net-worth focused advice network, Vision Independent to further broaden its distribution network.
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Miton responds to 76% profit slide with fund alterations
Miton has responded to its profits collapsing by 76% with a series of changes to its fund range, the firm announced in its half-year results.
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UK Plc dividend cover falls to six year low
Dividend cover on the FTSE 350 fell to the lowest in six years, data from The Share Centre showed.
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Volkswagen panic providing good entry point – Julius Baer
‘Panic selling’ of Volkswagen bonds is creating an opportunity for investors who are comfortable with risk, says Julius Baer.
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Biotech slump highlights risk and opportunity
Biotech stocks were just beginning to recover from August’s selloff when news hit on Monday that Turing Pharmaceutical had hiked the price of one of its drugs by 4000%.
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European Wealth follows 32% FUM jump with Bells acquisition
European Wealth has followed an FUM jump of 32% year-on-year with the acquisition of a high net-worth-focused financial planning firm.
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Elliott Associates adds to Alliance Trust stake
US activist investor Elliott Associates has seemingly cranked up the pressure on the management of Alliance Trust by raising its stake from around 12% to 14% of the company.
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Edmond de Rothschild hires Allianz man Lee to spearhead UK push
Edmond de Rothschild Asset Management has hired Allianz Global Investors sales director Daniel Lee to lead a new push into the UK market.
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Aberdeen prepares for China move, say reports
Aberdeen Asset Management looks set to become the first British fund manager to become licensed to operate in China, as a deal with Beijing authorities is expected to complete this week.