News

The coalition Government's Capital Gains Tax (CGT) proposals could force a quarter of landlords to leave the buy-to-let sector, according to LSL Property Services.

The FTSE 100 has opened 1.3% lower this morning as global indices continue to decline.

The number of properties put on the market in May jumped 89.4% on April 2009 to its highest level in more than two years, according to Agency Express.

Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.

Jupiter has set the price range of its IPO at between 150p and 210p per share, valuing the asset manager at £718m to £868m.

Robin Geffen, the architect of Pru's AIA downfall, believes the botched deal could be a defining moment in the fight for investor justice.

Prudential plans to terminate its proposed acquisition of AIA after failing to reduce the $35.5bn cost of the deal.

AXA Elevate has poached three members of Cofunds' regional sales team who become distribution directors.

Investec Structured Products has launched its latest collection which includes the debut of a new plan.

Asset allocation will be the focus of Cofunds' summer platform conference which kicks-off in Harrogate on 9 June.