WMA calls for more retail participation in IPOs

Retail investors should get more access to IPOs as part of a major educational and cultural shift among the public’s investing attitudes, the Wealth Management Association says.


L&G unveils own-brand lifetime mortgage

L&G unveils own-brand lifetime mortgageLegal and General has launched its own branded lifetime mortgage product range, following the acquisition of specialist equity release provider Newlife in April.


LBMA Gold Price Bank of China to join as new participant

The addition of the Bank of China takes the total number of direct participants, who currently participate in the auction process, to eight: Barclays Bank, Bank of China, Goldman Sachs International, HSBC Bank USA NA, JP Morgan, Societe Generale, The Bank


Groucho Club sold by private equity firm

The sale comes as concerns over the gentrification and commercialisation of Soho’s clubs and bars grow among aficionados of the once-seedy district.


Bravado and High Returns From Italian Fund Manager

Davide Serra, hedge fund manager at Algebris Investments, in London. He said Europe’s central bank would continue its bond-buying program, known as quantitative easing, for five years.