Citywire Money: making the most of your money

City watchdog fights to fine Keydata boss £75m

by Michelle McGagh on May 26, 2015 at 13:25

City watchdog fights to fine Keydata boss £75m

Financial Conduct Authority wants to impose huge penalty on Stewart Ford, founder of collapsed investment firm Keydata. Ford is appealing.

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Royal Mail rallies as FTSE retreats 1.4%

May 26, 2015 at 17:06

Analyst upgrade lifts gloom over Royal Mail while Ryanair soars on profits surge. FTSE 100 falls back as Spain and Greece worry Europe.

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Witan invests £21m in high yielding APAX private equity fund

May 26, 2015 at 16:17

Gobal investment trust Witan will take a 4% stake in a new private equity investment company from Apax Partners. 

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Henderson Value gives fund manager 18 months

May 26, 2015 at 14:41

Investment trust board says fund manager Ian Barrass and Hendersons have a year-and-half to prove the fund of fund's recovery is on track.

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Adrian Lim keeps cool after India's stellar run

May 26, 2015 at 08:00

India was one of the best performing stock markets last year, but as its strong rally stutters, New India manager Adrian Lim remains sanguine.

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New Model Adviser®: for professional financial planners

Royal Mail rallies as FTSE retreats 1.4%

May 26, 2015 at 17:06

Analyst upgrade lifts gloom over Royal Mail while Ryanair soars on profits surge. FTSE 100 falls back as Spain and Greece worry Europe.

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Ashcourt Rowan financial planning chief Gaius Jones exits

May 26, 2015 at 15:17

Ashcourt Rowan financial planning chief executive Gaius Jones has left the firm.

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James Hay takes on Towry Sipp book

May 26, 2015 at 14:48

Platform and Sipp provider James Hay it set to take on Towry’s Sipp book as the restricted national closes its own Sipp to new business next month.

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Keydata's Ford ups FCA claim to £650m; adds PwC as defendant

May 26, 2015 at 14:40

Ford increases his claim against the regulator to £650 million

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Citywire Wealth Manager: for investment professionals

FCA slaps Keydata founder Ford with £75m fine

May 26, 2015 at 11:01

Stewart Ford and two other former Keydata directors have been issued a combined £79m fine by the watchdog, with the decision referred to an Upper Tribunal.

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Samena Capital buys major stake in Kleinwort Benson Bank

May 26, 2015 at 08:20

Samena will buy up to 31.2% of Kleinwort in a £15 million deal.

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4 shares the pros are buying

May 26, 2015 at 05:00

A roundup of trades by professional investors. This time we look at Plus500, Rathbone Brothers, Fulcrum Utility Services and Imagination Technologies.

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The fund groups winning the global bond battle

May 26, 2015 at 10:11

In our latest number crunch we analyse the winners in the global bond market.

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Citywire Global: for international fund selectors

RMB swap: how China hopes to kill five birds with one stone

May 26, 2015 at 13:51

The move to ease the local government burden could have major knock-on effects, according to Ashmore’s Jan Dehn

Stock market ‘making monkeys out of us’, says mixed asset star

May 26, 2015 at 13:26

Citywire AAA-rated Steven Romick says long-term decisions are now based on ‘impermanent conditions’.

Bond sell-off could continue for the rest of 2015, says NB chief

May 26, 2015 at 11:48

Co-head of fixed income Jon Jonsson believes technical forces are the real drivers behind negative yields and aggressive action in European government bonds.

Ex-Franklin Templeton manager added to Euro equity star’s fund

May 26, 2015 at 11:37

Boutique investment firm names European specialist as deputy on Citywire AA-rated manager's €480m strategy.

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