As Ireland prepares to accept a rumoured €80bn euro European Union and IMF bailout to pull it from the mire of its financial crisis, fund managers consider what the contagion effect may be on the banking sector in the UK and Europe.

IRELAND IN NEED

Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘the Sage of Omaha' Warren Buffett.

Shares in General Motors climbed 3.6% on the first day of trading after the auto manufacturer made a record initial public offering.

There is a one in three chance the Bank of England will announce a further raft of QE in its February Inflation Report, says J.P. Morgan's Bob Michele.

The single currency is unlikely to collapse despite the pressures of the European sovereign debt crisis, says John Greenwood, the Invesco chief economist.

Annual consumer prices inflation (CPI) rose in October to a four-month high of 3.2%, up from 3.1% in September and higher than the 3.1% economists expected.

SVM is planning to convert Colin McLean's UK Alpha fund into a global stockpicking vehicle, the SVM World Equity fund.

Barclays has reported a small rise in pre-tax profits in the third quarter as its investment banking business continued to slow.

J.P. Morgan's Global Consumer Trends fund is expected to move from Specialist into Global Growth following the IMA's proposed changes to the sector, to compete with Graham French's £4.9bn M&G Global Basics.