Shares in Stobart Group plunge 5% as the haulier is reported to have fallen under the glare of the City watchdog over a controversial series of property deals with its directors... more
Pension consultants have been saying for years that investment managers add little to no value in mature, well-regulated markets. WM, the consultancy, proved the point at least 10 years ago and suggested further that this was equally true whether the asset manager claimed to be a generalist or a specialist... more
Top fund manager Neil Woodford, hedge fund Lansdowne Partners and the Duke of Westminster back a £140 million rights issue by a firm exploiting inventions and discoveries made in British universities... more
While the company remains in turmoil, it’s hard for investment advisers to tell their clients to buy any of its funds, even if the performance is creditable enough... more
Neil Woodford, the ace fund manager at Invesco Perpetual, has taken a huge stake in Burford Capital as the litigation financing fund lists its shares on the junior alternative investment market of the London Stock Exchange ... more
Lloyds Banking Group saw its shares touch a low for the day of 92.2p amid signs that shareholders are getting cold feet over its proposed £15 billion rights issue... more
In almost any context, $1 trillion is a fabulous amount of money. When it comes to the latest American banking bailout, it barely scratches the surface, which shows the size of the mess in which that industry remains engulfed.... more
There was a predictability about the demise of Bradford & Bingley, but the problems that surfaced at Fortis, Belgium's largest bank, are of an altogether different scale... more
Gordon Brown's energy policy is in tatters after a deal to sell Britain's nuclear power plants to a French company collapsed at the last minute... more
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