Industry

Investment management companies saw out 2009 on a high with sustained profitability and increased confidence, a survey suggests.

Swiss food company Nestlé has ruled itself out of the bidding for Cadbury and has instead given Kraft Foods the firepower to sweeten its own offer.

Former Henderson New Star partnerships sales director Sam Mettrick has joined Artemis as head of strategic alliances.

DAVID TEPPER, who runs the US hedge fund Appaloosa Management, is in line for a profit share of around $2.5bn (£1.5bn) this year after betting heavily on a recovery in the stocks of banks including Citigroup and Bank of America, says The Times.

BRITAIN'S economy will finally make it out of recession in the last quarter of 2009, but will perform much less strongly in each of the next three years than the Government is currently forecasting, the CBI will say today.

Insurers are planning to introduce a new product to help companies limit the financial fall-out when their brands or high-profile spokesmen such as Tiger Woods suffer reputational damage, reports the Financial Times.

Gartmore Group today announced an offer price of 220p per ordinary share for its initial public offering (IPO) on the London Stock Exchange, valuing the company at around £676m.

Everyone earning over £20,000 a year faces a tax rise from 2011.

Schroders' Richard Buxton believes the chances of a UK sovereign credit rating downgrade has increased following today's Pre-Budget Report.

Schroders European economist Azad Zangana believes the measures proposed by Chancellor Alistair Darling in the Pre-Budget Report will do little to bring public finances back under control.