Skandia Investment Group (SIG) has awarded mandates on its UK Best Ideas and Global Best Ideas funds to Artemis' Global Growth manager Tim Steer.

Warren Buffett's Berkshire Hathaway has increased its stake in Tesco to 5.1% after buying on weakness last week.

BlackRock is to launch an absolute return equity fund able to invest across both North and South America later this quarter.

Goldman Sachs has reported a 58% drop in net income for the fourth quarter of 2011 but its shares opened higher today as the figures beat analyst expectations.

John Dodd and Richard Hulf, managers of the £84m Artemis Global Energy fund, are reducing exposure to eurozone-domiciled assets as they refine their approach to stock selection.

Italy's will struggle to finance itself until borrowing costs fall back towards the 4% level, according to Goldman Sachs Asset Management chairman Jim O'Neill.

UK CPI inflation fell from 4.8% in November 2011 to 4.2% last month, the largest drop since December 2008, according to the Office for National Statistics.

Tesco CEO Phil Clarke should decline his bonus to atone for approving a senior executive's share sale a week prior to its major profit warning, according to a leading investor in the company.

Standard & Poor's has downgraded the credit ratings of a raft of eurozone nations including Italy, Spain and Portugal as well as stripping France and Austria of their AAA status.

Talks between Greece and private sector bondholders have collapsed, with the two parties failing to reach agreement over the country's debt restructuring.