GLG's new recruit Henry Dixon has said the dual combination of rotation out of fixed income and the return of M&A could drive UK equities to new highs this year.

The sharp drop in the UK unemployment rate and mounting expectations of a 2014 rate hike pushed sterling to a two-year high versus the US dollar in morning trading.

Fidelity has launched its own new-look pricing structure as it moves to wrestle control of the D2C market from Hargreaves Lansdown, but how does its pricing compare?

Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have today been accused of giving inconsistent evidence, lying and distorting the facts during their High Court battle.

Fidelity has undercut Hargreaves Lansdown with its new pricing structure, introducing an AMC of 0.35% for clients with total assets up to £250,000.

Meera Hearnden, senior analyst at Hargreaves Lansdown, is to exit the business at the end of this month.

Nearly 50% of the UK's adviser community wants platforms to carry out bulk switches to clean share classes for their clients, research from FundsNetwork has discovered.

GLG has handed its flagship UK equity income fund to ex-Matterley manager Henry Dixon after poaching him at the end of last year.

Barclays Wealth has acted to cut its services for clients with less than £500,000, as it implements plans revealed last year.

The Chinese economy grew by 7.7% in 2013, the latest figures from the country have revealed, its slowest rate for 14 years.