River and Mercantile is to close three of its global equity funds as head of team Alex Stanic departs the group, Investment Week can reveal.

Mirabaud Asset Management has poached a four-strong fixed income team to work alongside head of high yield Andrew Lake.

Left-wing anti-austerity party Syriza has secured a commanding election victory in Greece overnight, setting the scene for a stand-off between the country and its creditors.

Tesco, the oil price, and the 'Draghi put'

Russia's central bank is considering cutting interest rates at its next meeting later this month, shortly after raising them to 17% in an emergency move to halt inflation.

A coalition of more than 150 investors including Sarasin & Partners, major pension funds, and local authorities have urged oil majors Shell and BP to improve their business practices in relation to climate change.

Asian equities sold off overnight and investors rushed for safe havens as markets continued to react to a shock move by the Swiss National Bank (SNB) yesterday to remove the Swiss franc's peg to the euro.

Schroders has launched a fund to help defined contribution (DC) members coming up to retirement take advantage of incoming Budget flexibilities.

A very MiFID Christmas

The National Savings & Investments (NS&I) website crashed after experiencing "high demand" for the newly launched pensioner bonds, which went on sale this morning.