Shares on London's leading stock exchange rose on Friday as the Bank of England's 1.5% base rate cut filtered through, but US stocks tumbled and Asian markets saw mixed results.

AXA Investment Managers' £827.3m Equity Income fund will be moved and reconfigured into a new fund under the AXA Framlington brand as part of the group's UK rationalisation plans.

South African-based FirstRand has launched FirstRand Private Wealth Management (PWM) with branches in the Channel Islands and Dubai plus plans to expand into India.

Ascentric has appointed Shaun Sandiford as head of sales and Dominic Ventham as head of marketing.

Friends Provident has appointed Evelyn Bourke as chief financial officer (CFO), subject to regulatory approval.

US President-elect Barack Obama has appointed a team of high-level advisers including billionaire investor Warren Buffett and Google chief executive Eric Schmidt to guide his thoughts on the economy ahead of taking office on January 20, The Telegraph...

Friends Provident has poached a second executive from rival insurer Standard Life in under a year, this time snaring its CFO Evelyn Bourke.

New investment proposition AXA Winterthur Wealth Management (AWWM) has launched its maiden product - a SIPP.

Former James Hay key accounts director Shaun Sandiford has joined wrap provider Ascentric, it has been confirmed.

Newcastle Building Society has launched two fixed rate mortgages exclusively for intermediaries.