The leading US equity markets hit fresh record highs on Monday, suggesting a ‘Santa rally' is well underway in the run up to Christmas.

Former Cazenove European fund manager Chris Rice is to launch a boutique fund management firm with ex-colleague Tim Russell, Investment Week can reveal.

Old Mutual Global Investors (OMGI) has reported rising net sales in the third quarter, which it atttibuted to strong flows into its new UK Alpha fund for former Schroders' head of UK equities Richard Buxton.

The head of wealth management at Signia Wealth, Rupert Robinson, has left the business after less than a year, IFAonline's sister title Investment Week understands.

Henderson Global Investors saw a net inflow of £1.2bn into its retail funds in Q3, driven by its equity fund range which saw a positive flow for the first time since 2011.

UK GDP growth was 0.8% in the third quarter of the year, according to the first estimate from the Office for National Statistics (ONS).

Bank of England Governor Mark Carney has promised to keep interest rates lower for longer, ahead of the release of UK GDP growth data for the third quarter.

Activist hedge fund the Children's Investment Fund (TCI) is the largest private shareholder in newly listed Royal Mail, a regulatory filing has revealed.

HSBC has been ordered to pay out $2.46bn by a US court after it lost a class action lawsuit against Household International, the lender it bought pre-crisis.

Polar Capital's UK equity team, led by Philip Hardy, is leaving the firm and will not be replaced, the group said today.