News

UK profit warnings have hit a three-year high after more than 100 warnings were issued in the first half of 2014, according to a new report.

Aberdeen Asset Management has seen double the outflows it expected from its funds following completion of the SWIP takeover.

Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit with a smaller market share, research by Towers Watson suggests.

The UK economy expanded by 0.8% in the second quarter,above its pre-crisis peak, official statistics revealed today.

Royal Bank of Scotland shares rocketed this morning after the bank said it expects a big jump in profits in H1.

Lloyds Banking Group is preparing to pay fines to UK and US regulators over its involvement in the LIBOR fixing scandal.

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

The Royal Bank of Scotland (RBS) expects profits to jump in the first half of the year, although its CEO has warned litigation issues could still hit future revenues.

Legg Mason has announced it intends to buy Martin Currie in the last quarter of the year for an undisclosed sum.

Emerging market equities are hovering near highs last seen in January 2013, after China posted stronger-than-expected economic data.