Latest News - Gavin Lumsden
Tech trusts lead FTSE higher as US powers on
Scottish Mortgage and investment trusts exposed to tech titans and buoyant US economy dominate FTSE leader boards, while Spain's crisis fails to detract from a rally in Europe.
FTSE advances as pound falls on retail sales slide
In a reversal of yesterday, the FTSE 100 rose 0.5% and the pound fell a similar amount as data showed consumer spending slumped this month.
Strong pound and weak Glaxo push FTSE lower
The FTSE 100 lurched below 7,500 as a strong pound caused by better-than-expected economic growth blunted international blue chip stocks.
Woodford-backed Spire rejects bid approach
Spire Healthcare leaps 12% after rebuffing £1.2 billion offer from rival Mediclinic and Dialight and Pendragon plunge on profits warnings.
FTSE retreats as Unilever underwhelms, retail sales fall
UK stock market marks anniversary of Black Monday in an appropriate fashion with the FTSE 100 dropping 0.5%.
Wage growth and US advance lift FTSE higher
The FTSE 100 was on the front foot today, gaining 0.3% after good UK wage growth data and a positive opening on Wall Street.
Regulators hit Rio with £28m fine and fraud charge
US Securities and Exchange Commission accuses mining giant of cover up and Financial Conduct Authority imposes record penalty for failure to disclose loss-making acquisition.
Pearson leaps and Merlin dives as FTSE slips
Education group Pearson thrills investors with positive update after tough two years but Merlin Entertainments plunges as security fears deter visitors.
Pound firms as wound group hurtles down FTSE
Buoyant mining shares shield FTSE 100 from profits warning by medical technology company ConvaTec, while pound trades higher.
Daniel Godfrey pulls launch of The People's Trust
Former Investment Association chief cancels flotation after failing to convince institutional investors and wealth managers to back the multi-manager fund.
We quiz Standard Life chief on 1825 and Elevate
In this final instalment of our exclusive interview, Standard Life chief executive Barry O'Dwyer answers Citywire's questions about the company's restricted advice arm 1825, and brands the Elevate platform deal a 'fantastic success'.
CIO Tapes 2: two warnings and a lot of optimism
Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too
Adviser Profile: Mark Dolby and Chris Shaw of Beaufort Financial (Reading)
Mark Dolby and Chris Shaw have embraced cashflow planning at Beaufort Financial (Reading) to help clients take advantage of the pension freedoms. Through their hub model, they now plan to take the firm to the next level.