News by: Sarah Miloudi
Markets
Haysey follows Breuer-Weil in RIT Capital exit
David Haysey, head of public equities at Lord Jacob Rothschild’s £2 billion RIT Capital Partners, is to leave the investment company, Wealth Manager understands.
Hester to step down as RBS chief
(Update) Royal Bank of Scotland has announced that Stephen Hester will step down as chief executive and will leave the bank later this year as it gears up for privatisation.
'Unfair' FSCS takes 20% bite out of Charles Stanley's profit
Charles Stanley has grown its profit to £9.1 million - but its bill from the Financial Services Compensation Scheme (FSCS) has wiped 20% off its bottom line.
Ruffer: the possibility of a '1994 moment' is a real threat
The team behind the Ruffer Investment Company fear May may not be a one off and that investors could lose money in both shares and bonds as interest rates rise.
FTSE follows Japan down; Tesco's fall from grace continues
UK shares sold off in the face of a sharp fall in Japanese stocks, which overnight were hit by fears about Shinzo Abe's growth strategy.