Economics

Investors have pulled almost $900m out of one of the world's largest gold ETFs in a single day, the biggest one-day outflow since August 2011.

The worse than expected decline in UK GDP announced today is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

The number of new funds being launched into the European market has dropped by half from the peak in 2008 as asset managers struggle through a tough business environment.

Barclays has launched a platform which will allow wealth managers to trade stocks, ETFs and other assets themselves.

Fidelity Worldwide Investment has confirmed John Clougherty is joining as head of UK retail, as Investment Week exclusively revealed yesterday.

Scottish Widows Investment Partnership's (SWIP) head of UK rates Graeme Troy is set to leave the firm on 15 June.

The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported fall of 0.3%.

Deputy Prime Minister Nick Clegg will say no rational person would want to see Greece exit the eurozone today, warning the UK will suffer if the country leaves the single currency.

German Chancellor Angela Merkel and other senior European Union (EU) officials last night called on Greece to shelve plans to quit the single currency and urged it to see out its austerity programme.

Markets across Europe set new lows for 2012 yesterday after countries were told by Brussels to prepare contingency plans for a Greek exit.