Old Mutual Global Investors' Stewart Cowley has predicted sterling could fall substantially from here versus the dollar as a result of the UK's credit rating downgrade.

Yields on UK government debt were climbing early this morning following Moody's decision to downgrade the UK's credit rating to Aa1, but equity investors shrugged off the news to send markets higher.

Standard Life Investments(SLI) has agreed a deal to become the first ever Worldwide Partner of the prestigious golf Ryder Cup.

The Financial Services Authority (FSA) is holding discussions with asset managers over more effective ways to allow groups to close open-ended funds to new investors.

The Bank of England has revealed it is in talks with the People's Bank of China over a currency swap deal that could help ensure greater financial stability.

Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.

US shares fell for the second day running overnight as investors continued to take profits after the recent run-up to multi-year highs.

The FTSE 100 tumbled nearly 2% in morning trading after the US Federal Reserve spooked markets yesterday by warning it may slow its asset purchase programme.

Investec Asset Management has scrapped the initial charge on its UK OEIC fund range, which includes high profile funds such as Alastair Mundy's Cautious Managed portfolio.

The pound has moved towards a year low today against the dollar, its recent weakness having been exacerbated by the revelation BoE governor Sir Mervyn King voted for further stimulus this month.