Equities

SECTOR REPORT

EMERGING MARKETS

Charles MacKinnon, chief investment officer at Thurleigh Investment Managers, has named five funds he is backing as he looks to boost exposure to equities in his portfolios.

Confidence among UK savers is growing with a third planning to increase the amount they invest in the next 12 months, a survey has revealed.

FMYA 2013

Lloyds Banking Group is to axe 850 jobs from across the bank as part of its ongoing strategic review.

The Bank of England has held interest rates for the 50th month in a row and opted not to increase the size of its QE programme at its May meeting.

Old Mutual Wealth, comprising Skandia and Old Mutual Global Investors, reported assets under management rose by 8% in Q1 to £74.5bn, driven by stronger performance in areas like its international business.

Shares in Manchester United have fallen at the start of US trading after it was announced manager Sir Alex Ferguson is to bring an end to his 26-year reign at the club at the end of this season.

Low-cost active equity funds, launched to much fanfare two years ago, are failing to attract investor interest as they pass their second anniversaries.