News

M&G posted net retail sales of £5.6bn for the whole of 2009, putting it way ahead of second placed Invesco Perpetual on £3.62bn, according to Lipper.

M&G posted net retail sales of £5.6bn for the whole of 2009, putting it way ahead of second placed Invesco Perpetual on £3.62bn, according to Lipper.

Exchange-traded product provider Source has unveiled an ETF tracking the DAX index on the Deutsche Boerse.

Legal & General's with-profits fund generated double digit returns during 2009.

The FTSE was flat in early trading Thursday despite a positive outlook from defence contractor BAE Systems.

Semperian, a £1.3bn property fund spun out of Land Securities, has pleaded guilty to an FSA charge of failing to ask for the regulator's approval when it bought an FSA registered business.

Network Alpha to Omega (A2O) will not be sold and the business is to be wound down, administrators Benedict Mackenzie say.

George Soros doubled his investment in the world's largest gold fund just weeks before claiming investing in the precious metal is now the "ultimate bubble".

Revenues at Axa Wealth fell 23% last year to £474m as the recession hit bond and pension sales.

Thousands of tax exiles could face hefty bills after the Court of Appeal upheld the right of HM Revenue and Customs to retrogressively tax a businessman who has lived in the Seychelles since 1976.