News

Graham Ashby and the former Credit Suisse income team have arrived at LV= Asset Management, assuming control of the group's UK Growth and UK Equity Income funds.

Clive Cowdery's Resolution is rumoured to be in talks with Lloyds Banking Group to buy Clerical Medical for up to £4bn, according to industry observers.

Nearly a third of Britain's nine million active occupational pension scheme members pay no attention to how their retirement savings are invested, according to Prudential.

Confidence among business professionals has seen the biggest rise for two years, suggesting the UK recession is at an end, a survey has said.

The UK's leading share index powered to a new year high on fresh hopes that an economic recovery in on the cards.

HSBC has unveiled its first European ETF, the HSBC FTSE 100, which will be launched tomorrow on the London Stock Exchange.

The FSA has awarded around a fifth of its workforce a 10pc pay rise to compensate them for the regulator's decision to close its final salary scheme to existing members, according to The Telegraph.

Allianz Global Investors is set to launch a Ucits III version of its Discovery Europe fund in October.

Friends Provident International (FPI) has launched a protection plan for expats and residents in Asia.

US stocks advanced for a fourth session as investors cheered a surprise rise in home sales in July.