Investec will rename its Sterling Bond fund under the ‘Strategic' brand next month in a move to more accurately reflect the portfolio's investment objective.

UK stocks have tumbled sharply this morning after Fitch labelled Britain's fiscal challenge as "formidable".

Ignis' Chris Bowie removed the group's entire credit exposure to BP last week, claiming there is not enough clarity on the oil giant's current turmoil.

The UK 10-year gilt yield fell below 3.5% yesterday as investors continued to move out of the troubled eurozone.

US fraudster Bernie Madoff has mocked the investors he swindled out of $65bn, reportedly saying he "carried them" for 20 years.

Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.

Fee-based adviser and asset management firm Brooks Macdonald has agreed a £4m deal to acquire structured product and property group Braemar.

Just weeks away from Chancellor George Osborne's first UK Budget, M&G's Jim Leaviss has controversially praised the efforts of predecessor Alistair Darling.

Liontrust has appointed former Artemis stalwart Nick Wells as a business development consultant.

Lloyds shareholders have made a £14bn claim against the Treasury and bosses at the banking giant over its controversial takeover of HBOS in 2008.