News

Top fund managers have expressed anger over Co-operative Bank's £1.5bn rescue plan and warned its risk a full-scale investor rebellion if it fails to deal with its bondholders.

Fred Goodwin's 'details orientated' management style - which included introducing thousands of custom-made round-topped storage units to deal with his growing irritation over piles of paper - has been showcased in a new book.

Old Mutual's Richard Buxton has warned investors in the housebuilding sector the UK is far from experiencing a housing boom.

Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today's market environment, according to Société Générale's Albert Edwards.

The Financial Services Compensation Scheme (FSCS) has compensated investors to the tune of £960,000 over the failure of Honister Capital.

Legal & General Investment Management (LGIM) has appointed Justin Onuekwusi as a fund manager focusing on the firm's retail and risk-profiled multi-asset funds.

The new Bank of England governor, Mark Carney, has said he will step in to prevent a house price bubble caused by low interest rates and the Government's Help to Buy scheme.

UK house prices continued to rise at a "fairly brisk pace" in August, according to the latest figures from Nationwide.

Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.

Skandia UK sales director Steve Powell has announced his intention to retire at the end of the year after 23 years with the company.