REGULATION

The UK economy has been given a surprise boost after the latest official data from the construction sector showed a smaller decline in output than previously announced.

The Financial Services Authority (FSA) has launched a crackdown on ACDs operating in the UK in the wake of the Arch cru scandal, as one major player confirms it is pulling back from the market.

Liontrust is to launch low-cost share classes aimed at wealth managers across Jan Luthman and Stephen Bailey's Macro fund range, as part of an administration change which will also see the group drop Capita as its authorised fund manager.

China's inflation level fell to a 30-month low of 1.8% in July, continuing to tumble as the global slowdown takes hold.

US multi-cap equity specialist John Eisinger has left Janus Capital, Investment Week understands.

Investors' ongoing fears over the state of the global economy will continue to support bond fund demand in the short term, overshadowing concerns from the regulator they could exit en masse, managers have said.

The Church of England has sold News Corporation shares worth £1.9m after the company failed to address ethical concerns raised in the aftermath of the phone-hacking scandal.

Standard Chartered, one of the UK's largest banks, has seen its shares plunge almost 25% in morning trading as investors panic-sell in reaction to the news it may lose its US banking licence.

Analysts have warned the investment case for holding Standard Chartered has been hit with a 'hammer blow' following the news it may lose its US banking licence.