Georgeson becomes the latest in a string of senior departures at the £212bn asset management division in recent years.

Financial Times: Chevron and Italy’s Eni have led a return to Venezuela’s’ hydrocarbon industry, signing deals in a boost for the US President Donald Trump as he seeks to progress ahead of midterm ...

Downing manager Josh McCathie exited his position in Telecom Plus which is no longer the capital-light play on utilities that it once was. He had held the multi-utility company, which trades as ...

The Guardian: MapQuest, a pioneering online mapping app that defied Donald Trump by refusing to rename Lake Ontario, has become the most in-demand navigation tool in the US; it leapfrogged rivals ...

Seraphim Space’s exchange traded fund (ETF) has gone live today, providing investors access to the $600bn space economy. The manager of the £421m Seraphim Space (SSIT) closed-ended investment trust ...

The Guardian: Scott Bessent’s attempt to calm the bond markets and push down America’s cost of borrowing have attracted a rebuke from the US Treasury secretary’s former mentor, Stanley Druckenmiller, ...

The Times: The cost of paying for newly sold UK government debt has risen to its highest level in nearly three decades, underscoring the tough fiscal backdrop as prime minister Andy Burnham and ...

John Healey is considering a windfall tax on banks and oil companies in his first Budget as Treasury officials try to find ...

The Times: Market traders now rate the chances of a US interest rate rise next month at more than 50% after the head of the Federal Reserve warned of a ‘concerning’ inflation outlook and promised to ...

The Times: The government borrowed more than expected last month, driven by higher spending on benefits and raising the chance of tax rises in this year’s autumn budget; spending on benefits, covering ...

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The Hermes Property Unit Trust, which has suffered annualised losses of more than 5% over three years, is being absorbed by L&G Managed Property. Tritax EuroBox drops its recommendation for Segro’s ...