Equities

Neptune's Rob Burnett has shifted his £946m European Opportunities fund back to a defensive stance in the view pressures in Europe, the US and China will result in 'vulnerable' markets for the rest of Q1.

Peter Elston has taken on the newly-created role of head of Asia Pacific strategy and asset allocation on Hugh Young's Singapore-based team.

Threadneedle has launched a Luxembourg-domiciled European Absolute Alpha fund for pan-European equity manager Paul Doyle.

The FTSE 100 opened lower this morning despite recent positive economic data, as rumours of a Fitch downgrade of Italy weighed on markets.

Yahoo! shares look set to rise when Wall Street opens today following the resignation of co-founder Jerry Yang.

Neptune's Felix Wintle has been adding to national and regional banks in his £464m US Opportunities fund, cutting technology and energy stocks after a strong run.

S&P's latest raft of downgrades were largely priced into markets, but more worrying is its forecast of a high chance of a deep recession in the region, said Schroders' European economist Azad Zangana.

Tesco CEO Phil Clarke should decline his bonus to atone for approving a senior executive's share sale a week prior to its major profit warning, according to a leading investor in the company.

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