Itaconix and RM2 International, two small-cap firms that are majority owned by Neil Woodford, have reported cash troubles in their latest trading updates. Elsewhere, the heavyweight UK manager has doubled his exposure to builder Crest Nicholson.
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.
Consumer price index (CPI) inflation remained at 3% in January, defying the consensus view that it would marginally dip to 2.9%.
A Chinese conglomerate with ambitions in the west has acquired a London-based asset manager and its Guernsey-based subsidiary.
A weak pound and the synchronised global recovery helped boost revenues and profitability among UK-listed companies to record highs, according to The Share Centre’s latest Profit Watch UK report.
Fulcrum Asset Management (AM) has appointed Mark Horne as a director.
Tatton Investment Management has launched a range of six risk-rated portfolios designed to allow IFAs to adopt its investment style across different platforms.
FE has stripped 26 managers of their Alpha Manager status in its latest rebalance, including Schroder’s Kevin Murphy and Nick Kirrage.
Fidelity has hired Amundi Asset Management’s head of equities Romain Boscher to be its new global chief investment officer, equities.
AJ Bell has added a sixth portfolio to its managed portfolio service, this time investing in global growth equities.
Barclays’ UK retail banking arm is now facing the ire of the Serious Fraud Office over its involvement in the bank’s alleged unlawful lifeline deal with Qatari investors.
Small cap companies in China are at the forefront of driving the country’s economic shift, according to Matthews Asia portfolio manager Tiffany Hsiao.
