Bullish move by Standard Life Investments manager to profit from poor investor sentiment towards the space.

Executive chairman Edward Bramson plans to reduce firm's expenses by £33m.

Midas Investment Management has stepped up its public spat with the board of the Charter European trust, labelling its voting system undemocratic and requisitioning an EGM on 8 November.

This week veteran fund manager Jim Rogers warned the 50% greek haircut will not save Europe and Jupiter's Philip Gibbs sold down his gold exposure.

The Dow Jones and S&P 500 surged yesterday as market sentiment was lifted by US growth almost doubling in Q3.

Fund of funds head Bambos Hambi outlines his ambitious plans for Standard Life Investments' multi-manager range.

The Dow Jones soared above 12,000 points at open with investors buoyed by the agreement on Europe's debt crisis and soaring economic growth.

US growth has risen to 2.5% for the third quarter, up from 1.3% the previous quarter.

Economist Nouriel Roubini believes the unresolved debt crisis in Europe has resulted in more than a 50% chance of a worldwide recession.

F&C's share price rocketed in early trading as investors welcomed plans from Sherborne Investors' Edward Bramson to slash costs and cut staff.