News - Equities
Massachusetts Secretary of Commonwealth William Galvin has reportedly issued Morgan Stanley with a subpoena as part of an investigation into Facebook's IPO, while two investors are taking legal action against Facebook, Nasdaq and Morgan Stanley following the botched market debut.
Scottish Widows Investment Partnership (SWIP) has confirmed the members of its revamped global equities team who will be staying following its overhaul.
HSBC has "postponed indefinitely" plans to move its headquarters from London to Hong Kong, its chief executive said.
Other News - Equities articles
Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.
Greece will stay in the euro despite on-going political instability as the potential economic fallout from its exit would significantly hit global markets, a fund manager has said.
The Dow Jones Industrial Average closed at a four-year high overnight Tuesday as investors flocked to US stocks amid the resurgence in the country's economy.
Lloyds Banking Group has set aside an extra £375m to cater for an influx of compensation claims related to the mis-selling of payment protection insurance (PPI).
Some Barclays shareholders are expected to vote against the pay of its top executives at the bank's annual general meeting on Friday.
Apple has seen its quarterly profit almost double, rocketing past analysts’ forecasts and allaying fears of limited future sales of the iPhone.
Peter Cockburn’s £371m SWIP UK Select Growth and £124m UK Opportunities funds have been handed to James Clunie with immediate effect, as part of a shake-up at the firm which will see 23 investment roles culled.
Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.
The US Attorney General has filed a civil antitrust action against Apple and a number of publishers, accusing them of colluding to sell e-books for higher prices.
Thousands of British pensioners in Spain have been duped out of their money by unscrupulous financial advisers, according to an investigation published today.
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