Ian McVeigh has been picked to head a new team managing two of Schroder Investment Management's mainstream funds.

McVeigh, a director of Schroder Investment Management, will take over as manager of Schroder Income unit trust, which has £518m invested, and Schroder Income Growth, an investment trust with total assets of £115m.

McVeigh heads new income team at Schroders

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One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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