Economics / Markets

Aviva Investors has sold its sustainable and responsible investments (SRI) funds business to Alliance Trust Investments in a £1m deal.

The Bank of England has held interest rates at 0.5% for the 41st consecutive month and kept its bond-purchase target at £375bn.

The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.

SECTOR REPORT

The UK government is looking at fully nationalising beleaguered bank RBS in an attempt to kick-start lending to British businesses.

Britain's economy would suffer harsher consequences than Germany's should the eurozone break up, a consultant has predicted.

A top Bank of England economist has said his profession should take part of the blame for the financial crisis, according to the Telegraph.

The Serious Fraud Office (SFO) has pledged to continue its investigation into a property magnate linked to the collapse of Icelandic bank Kaupthing, despite a setback in the High Court related to search warrants it obtained as part of its inquiries.

The gearing and mid/small cap bias of Anthony Bolton's Fidelity China Special Situations trust have raised questions over its suitability for retail investors, Winterflood Securities has said.

Financial planner and asset manager Ashcourt Rowan has announced a pre-tax loss of £2.32m for the year ending 31 March, against £5.75m in the previous year.