David Cameron has been elected as the new leader of the Conservative Party beating rival David Davis by 134,446 votes to 64,398 in a postal ballot of Tory members across the UK. Cameron has vowed to “inspire a new generation of voters”.
The TUC has welcomed former Pensions Minister John Denham’s 10 minute rule bill to force all job adverts to reveal details of the combined salary and pensions benefits.TUC general secretary Brendan Barber says if the bill becomes law the new job adverts would help good employers recruit and retain the best staff and encourage those […]
Former Daily Mirror journalist James Hipwell has been found guilty of using the paper’s City Slickers column to manipulate the stock market. Hipwell, along with fellow columnist Anil Bhoyrul, will be sentenced in mid-January following the preparation of a report.Hipwell made 41,000 from trading in shares he tipped while Bhoyrul made 14,000. Today’s conviction follows […]
The UK is ending what has been its slowest economic recovery on record with a marked acceleration in growth. Neptune’s forecast for UK GDP growth in 2014 is 2.5 per cent, up from 2013 growth of 1.8 per cent as estimated by the Office for National Statistics. When considering the changing UK macro outlook, three important questions remain:
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]
Advice firm consolidator Newell Palmer has acquired midlands IFA Sense Wealth Management in a deal adding another £35m to its funds under management. The purchase is the 51st acquisition made by Newell Palmer since it began trading in 1993. The £35m is split between around 100 active clients from Sense, who will all transfer over […]
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]