Miton

Large-cap funds in the UK Equity Income sector have increased the concentration of their top ten holdings even as the UK's largest stocks begin to struggle, data compiled for Investment Week has revealed.

PSigma Asset Management has suffered further outflows following news of Bill Mott's retirement, after an institutional client withdrew from an income mandate.

Miton Group has completed its acquisition of David Jane's Darwin Investment Managers for an initial consideration of £1.35m.

Charles Stanley has warned its next round of results will miss market expectations as the business continues to feel the squeeze on its commission income, while in a separate move it said it had sold Henry Dixon's Matterley fund to Miton Group.

Miton is to rebrand a trio of PSigma Asset Management funds following its acquisition of the firm last year.

The recent £23bn fine for Reynolds American could be a sign that tobacco sector is due to face another era of battling lawsuits. But if CEOs keep their houses in order, investors will stay hooked on tobacco stocks argues Miton's US manager Nick Ford....

Miton saw significant outflows from its multi-asset range in H1, before it handed the funds over to David Jane.

Former Apollo partner Tom McGrath has joined Caplain Capital to take the role of chief investment officer.

Seneca Asset Managers plans to change the name of the Midas Income & Growth trust after acquiring its managers in March.

Fund managers have backed financials, retailers, and housebuilders to benefit following the latest move down in UK inflation.