Equities

Oil majors can rebound

Bond managers have said the European Central Bank's move to cut rates and start buying asset-backed securities in Europe means it is now unlikely to implement a mainstream QE programme.

Markets across the globe were mixed overnight as investors reacted to a series of stimulus measures introduced in Europe to stave off the downturn.

Shares in BP slumped late on Thursday after the group was found by a US judge to be "grossly negligent" and "reckless" in the Gulf of Mexico four years ago.

The European Central Bank has cut its headline interest rate by ten basis points to 0.05%, prompting the euro to slump against the dollar, and said it will begin a long-awaited asset purchase programme in the coming months.

Fidelity Worldwide Investments is preparing to launch a high conviction Asian equities fund for Anthony Srom.

Simon Brazier and his UK equities team are to join Investec Asset Management, Investment Week can reveal, following their exit from Threadneedle Investments.

China's growth recovery shows economic reforms are working

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Welcoming back TSB