News

Fidelity Worldwide Investment is to expand its equity income franchise with the launch of a Global Enhanced Income fund for manager Dan Roberts.

The Financial Conduct Authority (FCA) is preparing to enforce new absolute return disclosure requirements but has opted not to implement the more stringent proposals some had recommended.

City of London Police detectives have arrested six men as part of an investigation into a suspected ‘boiler room' operating from the Square Mile selling carbon credits.

Aberdeen Asset Management has seen net outflows of £1.2bn in the two months to 31 August, pushing AUM down 4% over the period.

The Financial Services Compensation Scheme (FSCS) has said it is awaiting the results of a Serious Fraud Office (SFO) investigation into failed property investment Arck before deciding whether it will compensate over advice to invest in it.

Mark Carney's revolutionary "forward guidance" on interest rates is so half-baked it could pose a threat to financial stability, a former Bank of England economist has warned.

Barclays is launching an unprecedented review of the overdraft fees and charges faced by nearly 12 million of its current account customers in a bid to make a decisive break from the "sins of the past".

Chancellor Angela Merkel's conservative party has won Germany's election, but finished just short of an absolute majority, official results show.

Royal Mail has sought to stave off a strike threat to its £3bn stock market flotation by offering its workers a new pension deal.

Neptune's profits before tax fell nearly 40% in 2012, with assets under management down 7.5%, after what the group called an "extremely difficult year for equity investors".