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Fidelity’s Philalithis ramps up cash and eyes European equities

Despite the turmoil that gripped markets late last year, Fidelity’s Eugene Philalithis says “the toughest month” is likely to be February and he is gradually increasing cash to protect capital. The manager of the £138m Multi Asset Income fund points to negative sentiment following the Bank of Japan’s decision to introduce sub-zero interest rates as a key […]

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David Shelton: What is your firm’s ‘meaning of life’?

Research tells us there is not only such a thing as a mid-life crisis but a quarter-life crisis too, which apparently hits people in their late-20s. People facing such crises often get caught up in meaning of life questions, such as “where am I going?” and “how will I get there?”. You do not have […]

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Standard Life advice arm to buy Almary Green

Standard Life-owned advice consolidator 1825 is to buy Norwich-based adviser Almary Green. Almary Green managing director Carl Lamb is understood to be moving to 1825 as part of the deal. Lamb will continue to head the business, and join 1825’s executive committee. It represents the first major acquisition for 1825 since it was launched by […]

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SFO secures arrest warrants for five Euribor traders

The Serious Fraud Office has obtained arrest warrants for five European bankers accused of conspiracy to rig Euribor benchmark interest rates. The five traders at Deutsche Bank and Societe Generale have remained in their home countries to face the charges and failed to appear in court, lawyers for the SFO said at Southwark Crown Court, […]

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