Barclays made a pre-tax profit of £5.879bn in the year to 31 December 2011, 3% down from the previous year and a slightly larger fall than analysts had forecast.

Distinction Asset Management has converted its Cautious Return fund into a multi-manager absolute return portfolio, managed by Armstrong Investment Managers.

The US Treasury today issued updated proposals designed to fight offshore tax evasion.

Prusik IM founder Heather Manners has bought into Vietnam for the first time in her funds' history in the view stocks are trading on Asian crisis-level valuations and could double from here.

The latest in a string of better than expected macro data from the US drove markets higher on Friday, with the Nasdaq reaching an 11-year high.

Brewin Dolphin saw a 6% fall in revenues over the 13 weeks to 31 December 2011, although assets under management grew, according to an interim management statement released today.

Alex Jeffrey has joined M&G's real estate fund management arm PRUPIM as chief executive.

HM Treasury is pressuring the US government for a ‘carve out' on FATCA for low risk institutions, ahead of a draft paper due this week.

CREDIT MARKET SNAPSHOT

Germany has unveiled plans for an alternative to the Tobin tax in the form of European stamp duty on shares.