Equities

Schroders has promoted global head of equities Peter Harrison to the vacant position of head of investment.

Wealth manager Towry has agreed a £70m refinancing deal which will reduce its cost of capital and give it cash for acquisitions.

Royal Bank of Scotland (RBS) has announced profits of £1.6bn for the first quarter of 2014, far surpassing expectations and sending shares soaring more than 10%.

Invesco CEO Martin Flanagan has played down analyst concerns over further UK equity income outflows as former employee Neil Woodford prepares to launch his own fund.

Schroders' private banking arm has seen net revenues almost double following its acquisition of Cazenove Capital last summer.

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Axa's Marwood on his fund's equity risk 'safety net'

UBS Wealth Management chief investment officer Alexander Friedman has said that the firm expects company performance in the US and the Eurozone to drive equities in those regions higher in the coming months.

RWC Partners is to launch a global equity income fund for Ian Lance, Nick Purves, and John Teahan as it expands its income fund range.

China is poised to overtake the US as the world's largest economy far sooner than expected, according to new statistics.