Equities

Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.

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Five major high street banks and building societies have agreed plans to plug an aggregate capital shortfall which at the beginning of the year stood at £27bn, the Prudential Regulation Authority (PRA) has announced.

Tineke Frikkee is to exit BNY Mellon and join Smith & Williamson Investment Management in July to run its UK Equity Income Trust.

Aviva Investors head of equities David Lis lists financials, media, mining, support services and smaller companies as the places he is seeing the most value in the UK equity market.

Architas chief investment officer Caspar Rock believes convertible bonds are an overlooked way of reducing volatility in an equity portfolio.

The baby boomer generation must take more investment risk if it is to generate enough income in retirement, according to one investment management chief.

Old Mutual Global Investors has seen inflows of more than £100m into Richard Buxton's UK Alpha fund, ahead of his arrival at the group.