Economics

Mary Chris Gay, co-manager of the £52m Legg Mason US Equity fund with Bill Miller, forecasts a rally of up to 15% in US equities by the end of 2012.

Letters sent out by Her Majesty's Revenue and Customs (HMRC) informing people they have paid too little tax could be based on inaccurate figures, an accountancy firm has warned.

Internet giant Google saw shares plunge last night after its latest earnings update disappointed investors.

Prime minister David Cameron has warned former Royal Bank of Scotland chief Sir Fred Goodwin may be stripped of his knighthood.

Gilt yields have fallen to another record low as investors' appetite for UK debt remains strong amid eurozone woes.

SWIP's Mike McNaught-Davis has temporarily taken over responsibility for the SWIP European Income fund as co-manager Steven Maxwell takes extended sick leave.

US stocks on the S&P 500 have made their best start to the year for 25 years, according to data from Bloomberg.

Standard Life Investments' UK Smaller Companies fund, run by Harry Nimmo, is set for a boost as ASOS shares jumped 12% this morning after international sales grew 93% last year.

St James's Place (SJP) welcomed £5.2bn worth of new single investments in 2011 as the wealth manager boosted total funds under management to £28.5bn, up 6% over the year.

Henderson has named Jim Irvine, who currently heads up the fund manager's structured products and advisory unit, as head of its £16bn fixed income business.