News

Threadneedle's Richard Colwell is adding more to stocks including Centrica and GlaxoSmithKline as he seeks contrarian equity income plays for the months ahead.

Monetary Policy Committee members voted unanimously to keep interest rates in hold this month, but potential divisions over the future path of rates have begun to emerge once more.

Woodford Investment Management (WIM) is to take a 15% performance fee of any excess returns above the 10% annual return target on its Patient Capital investment trust.

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Hargreaves Lansdown has unveiled a low-cost drawdown plan, charging no set-up or income withdrawal fees, ahead of the 6 April pensions reforms.

Guinness Asset Management is to close the 'Z" share class on its Global Equity Income fund to new investment as of the end of April.

Schroders has re-opened Paul Marriage's Absolute UK Dynamic fund and is to shift the portfolio to weekly dealing as a result of "declining liquidity" within the UK equity market, Investment Week can reveal.

The Cayenne investment trust is to set to wind up next year as co-managers Len Gayler and James Hart pursue other opportunities.

The FTSE 100 is within sight of its all-time high after closing at its highest level for 15 years on Tuesday.

Dixons Carphone co-deputy chair John Allan is to replace Richard Broadbent as Tesco chairman, the supermarket has said.