Standard Chartered

Manager sticks with stock

Aberdeen's head of global emerging market equities Devan Kaloo has admitted the significant underweight to Chinese equities - as well as an overweight to India - has hurt his flagship GEM fund so far in 2015.

Lazard UK Omega manager Alan Custis is backing the acquisitive Man Group to pursue further M&A activity as it continues to diversify away from its quant strategies.

The FTSE 100 climbed in morning trading despite a 4% slump in Royal Mail shares as RBS and Sainsbury lifted UK blue chips.

Scott McKenzie, investment director and manager of the Saracen UK Income fund, says the largest dividend payers in the UK market currently offer limited potential for growth, particularly as the strong dollar is masking inherent weaknesses in many business...

Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.

HSBC shares have jumped 3.5% after the bank launched a full review of its UK domicile in light of increased levies and a possible referendum on EU membership.

Standard Chartered's executive board have foregone their bonuses after the bank's profits plummeted by 25% in 2014.

Standard Chartered has said it will shut its equities business and axe jobs as it continues in its attempts to cut costs in order to boost its bottom line.

Former Standard Chartered chief operating officer for wholesale banking Kath Cates has joined the board of Brewin Dolphin as a non-executive director.