BIG INTERVIEW

M&G's Michael Riddell has put 10% of his International Sovereign Bond fund portfolio in Italian government bonds in anticipation of a fresh liquidity injection from the European Central Bank.

Pau Morilla-Giner has been appointed CIO at wealth manager London & Capital as Ashok Shah steps aside from the role.

Developed nations are stuck in a "never-ending cycle of recession" which will lead to a huge growth crisis in the summer of next year, Ignis' chief economist Stuart Thomson has warned.

The European Commission is consulting on potential changes to the UCITS framework with improvements to the regulation of money market funds, short-termism and harmonising the investment industry's approach to fund redemptions among the items on the agenda....

HSBC's Mexican business has been fined $27.5m for failing to comply with anti-money laundering regulations.

Shares in Royal Dutch Shell fell almost 4% this morning as the weak oil price and North American gas prices dragged on profits in the second quarter.

J.P. Morgan's Nick Gartside and Barings' Alan Wilde have warned the UK's AAA-status is at risk of downgrade following the shock contraction in the second quarter's GDP.

The IMA has attacked the FSA's proposed changes for the funding of the Financial Services Compensation Scheme saying fund management groups would be unfairly contributing for claims for mis-sold insurance or structured products.

Invesco Perpetual's Neil Woodford has said he expects profit warnings will come "thick and fast" in the near term after identifying them as a key risk to markets in the current environment.