F&C's head of European equities Paras Anand is to join Fidelity, Investment Week can reveal.

F&C's European manager Paras Anand is set to exit the firm at the end of the year.

Italy has had its sovereign debt rating cut by ratings agency Standard & Poor's as the European debt crisis continues to rumble on.

The Bank of England has estimated its £200bn asset purchase program has raised inflation by as much as 1.5%.

GREECE DEFAULTS BUT STAYS IN EURO

The FTSE 100 sold off sharply in early trading alongside indices across Europe as fears over a break-up of the region swept across markets once again.

Swiss banking giant UBS has raised its estimate of the losses allegedly caused by rogue trader Kweku Adoboli to $2.3bn (£1.5bn).

Richard Woolnough outlines some of the key themes featuring in M&G's award-winning bond fund range.

It has been an uncomfortable summer for investors as the credit crisis from 2008 continues to plague markets, this time in the guise of a sovereign debt crisis. But how have markets really coped?

Inflation climbed marginally in August as expected, driven up by higher utility bills.