Markets
News by: Dylan Lobo
M&G hires HSBC AM high yield specialist for bond team
M&G Investments has beefed up its fixed income team with the hire of Andrius Isciukas from HSBC Asset Management.
Martin Gilbert steps down as FirstGroup chair amid shareholder unrest
Martin Gilbert is to step down as chairman of transport firm at 17 years in the role as it launches a £615 million rights issue to help clear its mounting debt.
Fund managers may be forced to put 50% of bonus in own funds
Fund managers could be forced to put half of their bonus into their own funds under new rules being drawn up by Brussels.
Polar Capital launches financials trust for ex-New Star man
Polar Capital is launching a trust designed to take advantage of the improved conditions in the financials sector for former New Star manager Nick Brind.
Saunderson House marks RDR by bagging 43 clients
Saunderson House took the introduction of the retail distribution review in its stride in the first quarter, adding 43 clients.
Subscribe to Wealth Manager magazine and rack up CPD points
Citywire Wealth Manager has partnered with CISI to enrich the experience of subscribers to our magazine.
Hayward gets his life back! Glencore Xstrata parachutes in ex-BP boss
The commodities giant has appointed former BP chief Tony Hayward as interim chairman after Sir John Bond was voted off the board at the firm's annual meeting
RBS to cut 1,400 jobs
Royal Bank of Scotland has confirmed plans to cut 1,400 jobs from its back office.
Thomas Miller Investment bolsters board
Aberforth Smaller Companies trust director Paul Trickett has joined the wealth firm's board.
Rathbones hits £20bn as operating income jumps 10%
Postive markets have helped Rathbones assets under management past £20 billion in the first few months of the year.
Ex-BlackRock manager Lyttleton arrested in insider dealing probe
(Update) Ex-BlackRock star Mark Lyttleton was arrested in an insider dealing probe, according to Sky News.
Co-op Bank chief quits on Moody's downgrade & external support fears
Co-operative Banking Group chief executive Barry Tootell has quit after Moody's warned the bank could need in external funding as its bad debts mount.
Dutch insurer Achmea to pull £10.3bn from F&C
F&C Asset Management saw a net outflow of £1.5 billion in the first quarter and learnt Dutch insurer Achmea is to 'recapture' £10.3 billion worth of assets from the firm.
Ruffer: gold is uncomfortable yet necessary bedfellow
The team at Ruffer Investment Company struggle to make sense of the recent sell off in gold but has no intention of selling its exposure to the precious metal.
HSBC profit almost doubles to $8.4bn as cost cuts bear fruit
Profits at HSBC almost doubled in the first quarter as chief executive Stuart Gulliver's cost cutting programme takes effect.
10 of the best collectible investments of all time
As the long weekend approaches, we highlight 10 top collectible investment for those in the mood to boost their alternative portfolios over the Bank holiday.
Martin Gilbert sells another £4.8 million Aberdeen stake
Aberdeen Asset Management chief executive Martin Gilbert has sold another significant stake in his firm.
Julie Dean to replace Buxton on Schroder UK Growth trust
(Update) Brokers have welcomed the news that Citywire AAA-rated Dean will take on the trust when Schroders completes it acquisition of Cazenove Capital in July.
Schroders marks Cazenove Capital deal with £5.6bn inflow
Schroders has enjoyed a strong start to the year as it prepares to welcome the Cazenove Capital team to its ranks.
Brewin rebuilds Leicester arm as Charles Stanley hires 12 more
Brewin Dolphin has named a new Leicester head as Charles Stanley added another 12 of the rivals' staff to support the local office it expects to open in six months.
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