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BlackRock’s Lyttleton to take extended break
The BlackRock UK Absolute manager is taking a three-month break from fund management to resolve family issues, Wealth Manager can reveal.
Is now time to dump corporate bonds for equities?
Corporate bonds have continued to outperform equities since the start of the year but a growing number of investors are expecting this trend to start to reverse.
The FSA's 166-rule costing discretionaries millions
The regulator has used its powers 114 times to order ‘skilled person’ reports in the past year alone, sparking fears it may be burdening wealth managers with unnecessary costs.
VAT ruling leaves discretionary 20% pricier than MPS
Advisers opting for a discretionary service when outsourcing assets will have to charge their clients a 20% premium versus equivalent multi-manager or managed portfolio services, following a VAT ruling.
Why trustee failures could jeopardise your business
The Trustee Act 2000, which formalised the investment responsibilities of trustees, has never been used in anger: 12 years on, no single significant case has been brought under it.
Brewin Dolphin to close Dumfries office
Brewins is planning to merge its two-man Dumfries office with the large Penrith branch, Wealth Manager understands.
New Walker Crips CIO plans model portfolio launch
Walker Crips' Mark Rushton explains why new hires and a model portfolio range are on the cards for the listed stockbroker.
Clougherty returns to Fidelity 20 years later for new role
Fidelity Worldwide Investment has created a role for ex-Aviva Investors chief John Clougherty 20 years after he learnt his trade as graduate trainee with the firm.
Ex-Close wealth head Mendel to launch insurance company
Steven Mendel is setting up an online insurance firm in his first venture since leaving Close Brothers.
Share issue may see TER fall on Troy Income & Growth
Shareholders in Francis Brooke's Troy Income & Growth could see the trust's total expense ratio shrink after its board announced plans to issue up to 100 million new shares.
Newton AUM slides but profit soars almost 50%
Newton Investment Management has reported a boost in profits for 2012 despite assets under management taking a hit.
Former Lloyds security head charged with £2.5m fraud
A former head of security at Lloyds Banking Group has been charged over an alleged multi-million pound fraud at the bank.
FTSE clings to 5,350 as Spain builds Bankia firewall
Investors see Spanish bank Bankia's suspension as an isolated case, traders believe, given the fairly upbeat tone of this morning's session.
Short sellers flock to Facebook
Around 33 million of the shares sold by Facebook at its IPO have been borrowed, a technique used by short sellers who hope the price will fall after the shares have been sold on.
Overnight Markets: US stocks gain as Europe offsets China concern
But the Nasdaq declined after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending.
Citywire Top Stocks Daily News Digest
All the news from across the web about the companies featured in Citywire's Top Stocks.
Friday Papers: Insults fly over troubled HP buyout
As many as a quarter of the staff at Autonomy quit the British software group soon after its acquisition by HP.
FTSE firms despite double dip shock
After an early recovery, UK stocks trimmed their gains as Britain's fall back into recession during the first quarter was confirmed.
How Rathbones is using smart beta
Elizabeth Savage, research director at Rathbones, discusses how the firm uses structured products and the main points to consider when selecting exchange traded funds (ETFs).
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Omam's Stewart Cowley on the domino effect of a Greek exit
Greece set for hyper inflated Drachma
