Economics

A successful manager can add as much as 5% to the value of a fund every year, according to a new study.

UK banks were making solid gains early this morning, lifting the wider FTSE 100 index, having been sold-off yesterday on eurozone fears.

The UK Consumer Prices Index (CPI) climbed in March as higher food and clothing prices pushed inflation up to 3.5%.

Asian markets fell overnight after data was released showing foreign investment into China slowed for a fifth month in a row.

Stirling Mortimer, the offshore property fund caught up in a dispute over €9.8m of cash which went missing from one of its cell funds, has agreed an out of court settlement to end an upcoming legal battle.

Japan has agreed to loan the International Monetary Fund (IMF) $60bn after repeated calls from the organisation for additional funds to help it tackle the eurozone crisis.

India's central bank has cut interest rates for the first time in three years in an attempt to boost growth.

Worries over the health of sovereign nations in Europe - and in particular Spain - have pushed bond yields sharply higher during trading today, while equity markets are clinging on to gains following a strong start.

ITs

Ardevora, the asset management group set up by ex-Liontrust star Jeremy Lang, has seen assets under management climb above £100m for the first time.