Citywire Money: making the most of your money

Fund face-off: two passive income titans put to the test

by Daniel Grote on Oct 02, 2014 at 08:00

Fund face-off: two passive income titans put to the test

Vanguard FTSE UK Equity Income and iShares UK Dividend are both big passive funds focused on UK shares income, but which is best?

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US stocks take FTSE lower ahead of ECB announcement

Oct 02, 2014 at 09:00

The FTSE 100 falls again after overnight falls in the US and Asia. Investors await details of the European Central Bank’s plan to revive the eurozone.

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Virgin Money pushes on with flotation

Oct 02, 2014 at 09:19

Virgin Money is braving the rocky stock market conditions to float 25% of its business this month and raise up to £150 million.

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Pimco Total Return suffers record $23.5bn outflow

Oct 02, 2014 at 09:13

The Pimco Total Return fund saw $23.5 billion (£14.5 billion) of withdrawals following the sudden departure of manager Bill Gross.

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The Expert View: Sainsbury's, Blinkx, UBM, Intertek & St Modwen

Oct 02, 2014 at 05:01

Warnings, acquisitions and good hires feature in today's roundup of analyst commentary on shares.

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New Model Adviser®: for professional financial planners

Virgin Money announces £150m IPO plans

Oct 02, 2014 at 09:28

Virgin Money has announced plans to float shares on the London Stock Exchange.

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Wonga writes off 330,000 loans in FCA-agreed deal

Oct 02, 2014 at 09:20

Payday lender Wonga will write off 330,000 of its customers loan balances as part of an agreement with the Financial Conduct Authority (FCA) to make 'significant' and 'immediate' changes to its business.

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US stocks take FTSE lower ahead of ECB announcement

Oct 02, 2014 at 09:00

The FTSE 100 falls again after overnight falls in the US and Asia. Investors await details of the European Central Bank’s plan to revive the eurozone.

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Pimco suffers £14.5bn outflow after Gross exit

Oct 02, 2014 at 08:15

Pimco has reported a record $23.5 billion (£14.5 billion) in outflows following the departure of Bill Gross last month.

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Citywire Wealth Manager: for investment professionals

Brewin Dolphin shuts Brighton office

Oct 02, 2014 at 07:00

Brewin Dolphin has shut its Brighton office in the latest stage of its regional overhaul, five years after the division opened.  

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Barclays duo feature in Deutsche Asset & Wealth quadruple raid

Oct 02, 2014 at 09:58

Deutsche Asset & Wealth Management has hired a clutch of private bankers from rivals including Barclays Wealth and Kleinwort Benson.

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Virgin Money aims to raise £150m through October IPO

Oct 02, 2014 at 08:49

Virgin Money is to float 25% of the business this month in a move which it hopes will raise £150 million.

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You're hired! 20 big moves in a huge September for wealth & funds

Oct 01, 2014 at 13:15

September was a massive month for comings and goings at wealth and fund firms and we highlight 20 moves which grabbed the headlines.

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Citywire Global: for international fund selectors

US firm buys one of Wall Street’s most historic WM groups

Oct 02, 2014 at 10:01

The purchase of the New York group will see the combined firm have more than $10 billion in client assets.

Threadneedle’s US equity head ups small-cap healthcare bets

Oct 02, 2014 at 09:12

Fund manager Diane Sobin increases exposure to drug companies and hospitals to tap into strong theme of innovation.

PIMCO Total Return fund suffers $23.5bn record monthly outflow

Oct 02, 2014 at 08:30

Californian firm sees record level of redemptions from flagship bond fund following departure of former CIO Bill Gross late last month.

JO Hambro's Asia equity star purges Macau exposure

Oct 02, 2014 at 08:26

Citywire A-rated Samir Mehta buys dumps gaming stocks in order to buy into a sector which has fallen out of favour with investors. 

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