Financial advisers are expected to fork out £31.5m in compensation to clients who invested in the CF Arch cru Investment and Diversified funds (Arch cru) and were found to have received unsuitable advice.

Aviva Investors' Kirill Pyshkin is to join Mirabaud Asset Management to run a global equity income product.

Fundsmith founder and City financier Terry Smith is planning to launch an investment trust focusing on emerging markets.

Miton Group has agreed to sell its Liverpool-based funds business, Miton Capital Partners to Seneca Investment Managers in a £6m deal.

Arch Financial Products' chief executive Robin Farrell and compliance director Robert Addison have hit back at allegations they lied in court, saying these were false and unfair.

Neil Woodford will be assisted in his new venture at Oakley Capital Management by Nick Hamilton, formerly a head of product at Invesco Perpetual.

The Financial Conduct Authority (FCA) has appointed consultancy Promontory Financial Group and accountancy firm Mazars to lead its skilled persons (s166) review into the failures around the Royal Bank of Scotland (RBS)'s lending practices to small firms....

Oil major Royal Dutch Shell has issued a profits warning for Q4, pointing to higher production costs and lower volumes.

Labour leader Ed Miliband will today outline plans to break up the largest UK banks, ending the dominance of the 'big four'.

CONTRARIAN INVESTOR