Latest News - Gavin Lumsden
FTSE extends fall as Trump hits China with tariffs
The UK stock market sank further into the red this afternoon as investor concern deepened over prospect of US-China trade war.
FTSE rallies as ECB settles nerves after hawkish Fed
UK stock market performs about-turn as investors recover from last night’s hawkish statement from US Federal Reserve to focus on European Central Bank's efforts to stabilise eurozone.
FCA circles as Invesco loses supporter in attack on Enhanced Income board
(Update) Invesco Perpetual Enchanced Income says it has been contacted by the City regulator over its controversial dispute with fund manager Invesco Perpetual.
Woodford Patient Capital jumps on £30m Autolus boost
Shares in Neil Woodford's beleaguered investment trust rise over 3% after Autolus Therapeutics, its eighth biggest investment, announces pricing of its forthcoming US flotation.
Brewin backs loan trust board against ‘cynical’ Invesco
Battle between Invesco Perpetual Enhanced Income and Invesco Perpetual over fees escalates further as investment trust’s chairman attacks former fund manager with backing of wealth manager Brewin Dolphin.
ZPG soars as overseas bidder spies FTSE value
Shares in Daily Mail-backed property website operator surge 30% on bid from US private equity firm. FTSE 100 rises, notching seventh week of gains.
BT downsizes but can’t find quick route to growth
FTSE 100 edges higher with BT tumbling 8% after restructuring and 13,000 job cuts disappoints investors who are told telecoms group will not return to profits growth for three years.
Oil surge lifts FTSE after Trump scraps Iran deal
(Update) FTSE 100 advances 1% after US president Trump reimposes sanctions on Iran. Imperial Brands and Provident Financial both rebound on trading statements.
FTSE firm as merger mania dominates UK shares
Takeovers enliven UK stock market with Virgin Money jumping 8% on bid from rival challenger bank CYBG. Scottish Mortgage Trust extends recent rally.
FTSE rally continues as construction data lift pound
Positive manufacturing figures from China push miners higher, lifting FTSE 100 towards its fifth consecutive daily rise.
Why Speirs & Jeffrey was forced to sell to Rathbones
In a letter to clients, Speirs and Jeffrey chief Russell Crichton outlined why Scotland's biggest wealth manager had to give up 112 years of independence.
Richard Colwell: fund management is a funny old game
As another World Cup kicks off, Columbia Threadneedle's head of UK equities describes how the investment and football worlds collide.
Wealth boom: where DFMs must improve by 2021
The wealth industry is expected to grow to over £1.4 trillion by 2021, but can company systems cope with this boom?