BNY Mellon

Insight Investment Management is set to acquire currency specialist Pareto Investment Management early next year.

The Skandia label could disappear in the UK as part of an overhaul by parent Old Mutual, which is rebranding its merged asset management businesses as Old Mutual Global Investors.

James Harries has handed over lead management of the offshore £2.8bn BNY Mellon Global Equity Higher Income fund to Nick Clay in a reshuffle of the firm's income team.

BNY Mellon has expanded its distribution team with three hires including RSM Tenon's Adrian Gough.

BNY Mellon is set to launch fully unbundled RDR-ready share classes across its entire UK fund range in September.

Caroline Keen has been promoted to lead manager on the £266m BNY Mellon Asian Equity fund, previously led by Jason Pidcock.

Managers including Newton's Tineke Frikkee were among those hit as Britvic's shares fell as much as 17% yesterday, as the company revealed the recall on its popular Fruit Shoot drinks will cost up to £25m.

The Bush era tax cuts due to expire at the end of the year could send the US economy back into recession unless Congress intervenes, according to leading commentators.

Three brave finance professionals are preparing to undertake a gruelling walk to the North Pole, with the aim of raising £1m for worthy causes.

Slowing industrial production is the largest headwind facing Northern Europe in the near term, according to Newton's bond manager Paul Brain.