M&G Investments has announced it will resume trading in the shares of the £4bn M&G Property Portfolio and its feeder fund at noon on Friday 4 November.
Pimco has warned the European Central Bank (ECB) it could fall into a monetary policy “limbo” situation – unable to exit because it wishes to keep government bond yields sustainable, yet unable to continue in case it oversteps its mandate.
British American Tobacco (BAT) has made an unsolicited $47bn (£38.5bn) offer for full control of Reynolds American in a deal that would create the world’s largest tobacco company by sales.
Against a US political backdrop that is “poisonous and unpredictable”, Psigma Investment Management is less optimistic over the US economy versus its peers, according to its quarterly asset class outlook report.
Rowan Dartington (RD) has appointed former Brewin Dolphin head of intermediary sales John Cowmeadow as the new managing director for its Signature division of discretionary services.
American asset manager Cohen & Steers has initiated a fresh push into the United Kingdom investment market and plans to launch two new funds as part of the effort.
Brooks Macdonald has announced Caroline Connellan will be taking the reins from co-founder and outgoing chief executive Chris Macdonald in April 2017 when she is appointed group chief executive, subject to regulatory approvals.
Economic activity across the six nations of the Gulf Cooperation Council (GCC) region is expected to slow sharply this year, according to the latest regional economic outlook from the International Monetary Fund (IMF).
The market responded harshly to the third quarter announcements made by Travis Perkins and Reckitt Benckiser Wednesday, causing shares in the companies to topple 6.9% to 1384.5 and 2.3% to 7156.5p, respectively.
China has reported annualised gross domestic product growth of 6.7% for the third quarter, in line with market expectations and the government’s own forecasts.
French asset management firm Amundi has confirmed its interest in buying Pioneer Investment from Italian bank UniCredit but denied the €4bn (£3.6bn, $4.4bn) bid offer reported in the media.
Gold, commodities and Latin American equities have been the best performing ETFs this year and worst performers have been linked to UK markets, according to FE data.
With Credit Suisse ending direct client coverage out of the Channel Islands, the Swiss bank has set up a wealth management firm with local financial service provider Stenham Group, that will act as an external asset manager (EAM) for the bank regionally and elsewhere.
Rathbones asset allocation strategist Edward Smith has argued that investors should “pay close attention to the insidious creep of protectionism, as US politicians and elsewhere look to harness the disenfranchised.”
The Financial Conduct Authority (FCA) is continuing its review of the initial public offering (IPO) process to eradicate unfair share allocations.
Old Mutual Wealth has announced the appointment of Leon Deist as its chief information officer as its upcoming split from Old Mutual approaches.
BlackRock has reported net flows of $70bn during its third quarter but this was not enough to prevent a 3% fall in revenue to $2.837bn compared with last year’s third quarter.
At their lowest point during trading Tuesday morning, Burberry shares were down 8.9% at 1376p even though its interim revenues benefited from the post-Brexit drop in the pound.
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