Carillion shares slump on second profit warning
A second profit warning from British construction firm Carillion in the space of a few months has sent its shares plummeting by nearly one fifth.
News
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Fidelity’s Bateman: the better hedge than gold
Fidelity International’s James Bateman believes oil is a better “Armageddon hedge” than gold because it is needed irrespective of market conditions whereas gold is not.
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Standard Life ‘simplifies’ adviser platform
Standard Life has announced it will be simplifying its dedicated platform for financial advisers, Elevate, which it bought from Axa early this year.
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MSCI launches ethical factor indexes
MSCI has unveiled a set of indexes with an emphasis on ESG in response to growing demand from investors to incorporate sustainable allocation into their strategies.
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EMs dominate list of ESG-friendly countries
There are more emerging economies than developed markets in Candriam’s latest list of investable ESG-friendly countries.
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PA ANALYSIS: Is there a tech bubble?
Valuations of some technology stocks have sky-rocketed in recent times, sparking comparisons with the tech bubble at the turn of the millennium. Is this time different?
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FCA unveils hub for asset management start-ups
A hub to help fledgling asset management firms get off the ground will be launched next month by the Financial Conduct Authority (FCA).
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Sustainable investments up 54% Schroders’ study reveals
More than half of UK investors have increased their allocation to sustainable investments in the last five years according to the annual Schroders Global Investor Study.
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Rathbones recovery fund pivots towards growth
The fund formerly known as Rathbones Recovery will be switching gears from value to growth and ditching a handful of stocks come its official rebrand in October.
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People’s Trust names chair and first members of shareholders’ committee
Daniel Godfrey has assembled the first members of The People’s Trust shareholders’ committee and appointed Catherine Howarth, chief executive of ShareAction, to chair the group.
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Charles Stanley multi-asset launch targets ‘DIY’ investors
Charles Stanley has launched a range of five multi-asset funds, all risk graded and aimed at ‘DIY investors’.
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M&G unveils listed infrastructure fund
M&G is launching an actively-managed global listed infrastructure fund taking into account environmental, social and governance (ESG) factors.
