UK

A man passes a sign for fund manager Man Group in London

UK fund managers suffer asset declines on shaky markets

A quartet of British fund managers said assets under management (AUM) dropped by $9.8 billion in aggregate in the three months to end-September, after a sharp sell-off in UK stocks and bonds in recent weeks compounded longer-held worries about a global slowdown.
More news
British PM Truss and Chancellor of the Exchequer Kwarteng visit Berkeley Modular, in Northfleet

UK's Kwarteng rushes to London for crunch talks on tax U-turn

British finance minister Kwasi Kwarteng cut short a trip to Washington to rush back early on Friday to London where pressure is mounting for the new government to scrap much of an economic programme that unleashed turmoil on financial markets.
Illustration shows pound banknotes

Britain warns of tighter rules for crisis-hit LDI funds

Britain's financial regulators will work together to tighten rules for pension funds which use derivatives to insure themselves against big moves in bond markets, drawing on lessons from past crises, the Bank of England said on Wednesday.
Real Time Analytics