News

Morgan Stanley has begun selling the FTSE Gilt-Backed Growth plan 4.

Manx Financial Group has acquired Isle of Man-based IFA Edgewater Associates as the firm looks to diversify beyond the lending arena and develop its wealth business.

Architas Multi-Manager, part of Axa UK, has appointed ex Barclays Wealth man Hans Georgeson as managing director.

More hedge funds will create ETFs to provide investors with low-cost access to their funds while broadening their distribution capabilities, BlackRock says.

The Royal Bank of Scotland has launched three exchange-traded notes (ETNs) on Xetra in Germany, tracking the performance of MSCI equity indices.

Andrew Christian, the head of Hargreaves Lansdown's Vantage platform, has resigned from the group with immediate effect.

An offer by US hedge fund CarVal to rescue Keydata backer Lifemark from liquidation is not "gone forever", say sources close to the situation.

Net retail sales once again exceeded £2bn in June having suffered a fall the previous month, according to the IMA.

HSBC reported profits doubled to £7bn for the first half of the year, with gains in every region apart from North America.

The FTSE 100 has soared 1.98% this morning as HSBC more than doubled pre-tax profit to £7bn.