HSBC, the largest listed bank in the UK, has reported a sharp drop of 12% in its first half profits for 2014, as declines in emerging markets impacted the group.

John Duffield's Brompton Asset Management has hired a new head of multi-asset to spearhead a drive into the sector.

The Royal Bank of Scotland said today its costs would be "significantly" impacted if an upcoming vote on Scottish independence sees the region break away from the rest of the UK.

Giles Hargreave has relinquished his role as CEO of Hargreave Hale in order to focus on running his funds, with the group promoting two of its directors to jointly head the business.

Towers Watson, one of the UK's largest pension fund investment consultancies, has issued a stark warning to clients urging them to consider reducing their exposure to corporate debt.

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

Barclays said today its underlying profits for the first half of the year had fallen 7% after a drop in investment bank revenue, while it also reported another huge bill to compensate PPI customers.

Standard Life Investments has overhauled its £420m Select Property fund, giving the portfolio a global remit.

How do you replace Neil Woodford?

The UK economy expanded by 0.8% in the second quarter,above its pre-crisis peak, official statistics revealed today.