Equities

Julien Bernier uses quantitative model to pick names with consistent momentum on his Digital Stars Europe ex UK vehicle

Fitch has downgraded Greece to CCC status, one notch above default, due to growing concerns private investors do not want to participate in any bailout of the country.

Ian Vose has taken over the management of the £336m Investec Global Dynamic fund following the departure of Jacob Robbins.

MURDOCH SHOULD GIVE UP NEWS CORP

Newton's managers have warned an Italian bailout would cause deadlock in the European banking system and herald the end of the eurozone in its present structure, as the sovereign debt crisis deepens.

Aegon has confirmed it will rebrand its UK asset management arm as Kames Capital later in the year as Investment Week exclusively revealed earlier this afternoon.

MY 10 PREDICTIONS FOR THE YEAR

A solution to the Greek crisis may be delayed until September after European finance ministers failed to reach an agreement on the terms of the fresh bailout.

Billionaire investor George Soros has warned a Greek default is "inevitable", and EU leaders must adopt a plan B to stem contagion to the rest of Europe.

European leaders last night bowed to the inevitable and conceded Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro, according to reports.