Story by: Gemma Westacott, FTAdviser
Net retail sales recorded a £491m outflow during July, compared to inflows of £1bn in the same month last year.
Fund manager Henderson has announced that Roger Yates is to step down as chief executive, at the same time as confirming it will relocate to the Republic of Ireland for tax reasons and revealing a sharp fall in interim profits.
The Shires Smaller Companies trust said its discount narrowed and its yield increased over the first half of the year, although its NAV underperformed its UK small-cap benchmark.
Henderson Global Investors has warned that the eurozone is facing an imminent recession.
UK equities are still an attractive long-term investment despite the current market volatility, according to research by Newton Investment Management.
Investors can benefit from rising prices by using them as a market play, according to Aruna Karunathilake, manager of the £302m Fidelity UK Aggressive fund.
Morgan Stanley has re-launched five structured products after demand for them rose by 85 per cent since May.
Small-cap managers will find it "better to be boring" during the current market turbulence, according to Resolution Asset Management.
Old Broad Street Research suspends the AA Rating on M&G UK Select fund
HSBC Global Asset Management has appointed Guy Morrell as head of its multi-manager business for the UK and Middle East North Africa (Mena).
UK equity funds carve up the UK equity universe along different axes. But how much do these funds have in common? The answers might surprise you, says Christopher Traulsen of Morningstar
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