‘The BRIC concept is a distraction’

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

Invesco Perpetual's co-head of fixed interest Paul Read has said he expects the UK's base rate to rise in the first quarter of next year, in contrast to the forecast of his former colleague Neil Woodford.

Economies around the globe need to shore up their fiscal positions now following an improvement in growth rates, and before the next crisis hits home, the World Bank has warned.

Investment themes for a changing China

Robin Minter-Kemp, former director of investment funds at Cazenove Capital, has joined Rayner Spencer Mills Research (RSMR) as a non-executive director.

Neil Woodford has been handed a mandate on Skandia's WealthSelect range, likely in the region of hundreds of millions of pounds, and the platform will be able to access the manager's 65bps share class.

D2C platforms attempting to undercut Hargreaves Lansdown via lower fees have not made "significant enough" reductions to lure clients away, analysts at Barclays have said.

Standard Life has become the second platform to secure cheaper access to Neil Woodford's new fund, after the group negotiated access to the 0.65% AMC share class.

Investors have today called on the European Central Bank to loosen monetary policy after inflation in the eurozone tumbled last month.