News

Smith & Williamson posted record profits for the six months to 31 October last year, helped by the performance of its investment management division.

Top-performing European equity manager Oliver Kelton is to join Odey Asset Management.

John Weavers is set to take over from Aled Smith as manager of the underperforming £798m M&G American fund as the group proposes converting the fund into an equity income strategy.

The eurozone economy beat growth expectations in the last quarter of 2014, buoyed by a resurgent Germany.

Investec Asset Management's Simon Brazier has warned investors on the higher volatility likely to be experienced in 2015, pointing to a backdrop similar to the year in which Lehman Brothers collapsed.

Carbon Financial Partners took home the inaugural Adviser Firm of the Year (UK) trophy at the 2015 Professional Adviser Awards, which recognises excellence across adviser firms, providers, platforms and asset managers.

The managers of the Ruffer investment company have slashed their exposure to the US dollar on fears it is no longer fit to act as a hedge, and have moved into the Japanese yen instead.

Germany has said it is willing to compromise with Greece on the terms of repaying its bailout debt.

BNP Paribas Investment Partners has appointed Mike Woolley as head of external distribution for the UK.

The Bank of England may have to resort to the interest rate cut that Governor Mark Carney alluded to in his Inflation Report speech this morning, according to some market watchers.