News

Jupiter said today it intends to use the money raised from the Cofunds sale to pay down debt as it unveiled a near £3bn rise in assets under management.

A growing trend towards excessive risk-taking and lack of action to repair broken bank balance sheets could trigger a "chronic" new phase in the financial crisis, the International Monetary fund has warned.

Apple shares have hit their lowest levels in a year and half, after a supplier hinted at a slowdown in iPhone and iPad production.

The IMA is to create a "classy, comprehensive and responsive" help centre for fund groups looking to set up shop in the UK.

Investors and backers of Richard Buxton's UK Alpha Plus fund have reacted positively after the group revealed it has poached well known managers from Jupiter and Neptune to replace the outgoing star.

Mark Norris, the former chief operating officer (COO) at the Financial Services Authority (FSA), has been appointed as COO of the University of Greenwich.

Hargreaves Lansdown has topped the FTSE 100 index in early trading after reporting record levels of assets under administration in its quarterly results this morning.

Franklin Templeton Investments has appointed David Zahn to head its European fixed income team following an overhaul of its strategy in this area.

The Financial Ombudsman Service (FOS) has ruled in favour of five clients who invested almost £2.6m via their IFA 20Twenty Independent in a film scheme.

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