61 h. ago Norway's sovereign wealth fund sells its shares in 11 Israeli companies

Managers of Norway’s sovereign wealth fund say it has sold its shares in 11 Israeli companies, a move that they say reduces its holdings in the country against the backdrop of the “serious humanitarian crisis” in Gaza

Politics

62 h. ago Norway oil fund sells out of a fifth of Israeli firms amid fierce criticism

Opposition politicians and activists call on $2tn fund to review the 50 Israeli companies still in its portfolio

Politics

8 d. ago Artificial intelligence rollout for police forces to investigate grooming gangs

Officers across all 43 forces in England and Wales will gain access to the investigative technology as part of a £426,000 funding boost.

Events

8 d. ago Norway to review $2tn oil fund’s investments in Israeli companies

Finance minister Jens Stoltenberg orders probe after outcry over allegations that groups have aided Gaza offensive

Economics

8 d. ago Former fund manager Neil Woodford to be banned and fined almost £46m

The FCA said Mr Woodford and his fund ‘made unreasonable and inappropriate investment decisions’ between July 2018 and June 2019

Economics

8 d. ago FCA fines Neil Woodford and his company £46mn for management failures

UK regulator accuses former star manager of ‘inappropriate investment decisions’ in run-up to collapse of equity fund in 2019

Economics

8 d. ago Tesla’s UK sales fall almost 60% in July; Trump attacks ‘woke’ JLR as it announces new boss – business live

Rolling coverage of the latest economic and financial newsNewsflash: The UK’s financial regulator has decided to fine former star fund manager Neil Woodford and his investment management company nearly £46m, over the collapse of his popular equity fund.The Financial Conduct Authority says it has decided to fine Woodford £5,888,800 and ban him from holding senior manager roles and managing funds for retail investors.‘Being a leader in financial services comes with responsibilities as well as profile. Mr Woodford simply doesn’t accept he had any role in managing the liquidity of the fund.The very minimum investors should expect is those managing their money make sensible decisions and take their senior role seriously. Neither Neil Woodford nor Woodford Investment Management did so, putting at risk the money people had entrusted them with.’ Continue reading...

Economics

3 w. ago Pensions and investments millions have in these major funds are in for a bumpy ride. Now our experts reveal if it's time to ditch them

If you have a pension or investment portfolio there is one fund type that you must hold - and while it will have made you excellent returns, experts now warn its future is far more precarious.

Economics

4 w. ago Howe’s dilemma as Newcastle’s Saudi owners can’t ignore case to sell Isak

Liverpool’s record bid for striker and offer for Howe target Ekitike cast cloud over manager’s plans for new seasonAmid the jungle of super-skyscrapers dominating Riyadh’s financial district, one building soars above the rest. From the higher floors of the 385-metre PIF Tower, employees can plot their next deal while gazing down on a glass-curtained canopy of concrete, steel and polished marble.For Yasir al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund (PIF) and the chair of Newcastle United, the top of this striking, 80-storey crystalline structure is a place where metaphorical blue-sky thinking meets reality. Continue reading...

Politics

4 w. ago Manchester United net triple transfer windfall as 'new PSR approach' emerges

Club desperate to raise funds to invest in transfer market

Sport