Industry

Martin Davis, newly appointed chief executive of Kames Capital, has identified multi-asset as one of the key areas of focus for product development in the coming year.

US futures firm MF Global Holding has been ordered to pay $1.2bn (£740m) in restitution to its customers over its collapse.

Jake Moeller has joined Lipper to take on the role of head of UK & Ireland research, replacing Ed Moisson who left in August to join Barings.

Former Cazenove European fund manager Chris Rice is to launch a boutique fund management firm with ex-colleague Tim Russell, Investment Week can reveal.

Australian banking giant Macquarie Group has moved to scupper Aberdeen Asset Management's deal to buy Scottish Widows Investment Partnership (SWIP) after making a £500m cash offer for the business, according to reports.

Will Fletcher-Roberts, business development manager at Kames Capital, is leaving the company to take on another role in the industry.

Mark Little, an associate director in the discretionary sales team at Henderson Global Investors, is set to leave the company.

Aberdeen Asset Management could cut 150 jobs if the deal to acquire Scottish Widows Investment Partnership (SWIP) goes ahead, according to reports.

Discount retailer Poundland is reportedly considering an £800m flotation on the London Stock Exchange next year.

Tech giant Apple saw profits fall for the third consecutive quarter as it reported its full-year results, although iPhone sales continued to rise.