Rumours are escalating in the City that fund manager Gartmore could be ripe for a takeover approach, as its share price languishes more than £1 below its December 2009 flotation price.

The Federal Reserve plans to reinvest principal payments on its mortgage holdings into long-dated treasuries in an effort to revive the stuttering US economic recovery.

US DEFLATION?

Mike Riddell, member of the M&G bond team, explains why the UK is now starting to face a slowdown.

US stocks opened sharply lower today as investors await a crucial statement from the Federal Reserve which could signal further quantitative easing measures.

UK equity income fund managers have made a strong move into integrated energy company Centrica after shifting out of BP on the suspension of its dividend.

F&C Asset Management has rejected accusations of bullying in a high court battle over a hedge fund joint venture hit hard during the credit crisis.

Mortgage giant Freddie Mac has asked for $1.8bn in assistance from the US Government after it suffered its fourth consecutive quarterly loss on continued bad home loans.

Neil Woodford will receive a dividend boost from top-20 holding International Power after GDF Suez agreed a special payout in excess of £1.3bn to sweeten its proposed tie-up.

TURNING JAPANESE