The credit market is pricing in a 36% chance BP will default within five years as the oil giant deals with the fallout from the Gulf of Mexico disaster.
The default risk implied by credit default swaps is up from 7% one month ago, according to CMA DataVision prices. BP swaps climbed 70.5 basis points to 576.5 yesterday, Bloomberg reports. BP debt due...
Also hired Milway from EFG Asset Management
Morgan Stanley's Kristian Heugh, manager of the group's Global Opportunity fund, talks to Lawrence Gosling about his attitude to Chinese state-owned enterprises and where he is invested within the tech sector.
New working group created
Ex-Aviva Investors Lis appointed to board
Effective from 1 September