News

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.

Psigma's Tom Becket has taken profits in Europe after valuations became "unjustifiable".

Platform Parmenion has reported a surge in profits of more than 100% in the last year, after its assets under management rose above £1bn.

Ashcourt Rowan has grown its investment team after hiring two investment directors from HSBC Global Asset Management.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.

Eighteen websites have been suspended and arrests made during a campaign, being revamped on Thursday, against pensions liberation schemes.

Wealth manager Rathbone Brothers has agreed to pay £15m as part of a conditional settlement to end a two-year dispute involving a former director which has already cost it £5m in legal fees.

Brooks Macdonald said today it will complete a deal to buy risk-adjusted funds house Levitas Investment Management "imminently" after reporting another jump in discretionary assets under management.

Invesco Pereptual's chief economist John Greenwood has sounded a warning on the Eurozone, predicting GDP and inflation will both undershoot their already low targets.