Economics

Argonaut Capital Partners has confirmed it will split off from Ignis Asset Management, with Ignis retaining a 40% stake in the boutique.

The UK government is understood to be prepared to shoot down proposals for a financial transaction tax being mooted by Germany and France.

Henderson is to close the offshore version of Charlie Awdry's China Opportunities fund following a redemption from a significant shareholder.

Sterling dropped against the dollar after the latest MPC minutes revealed no calls for a UK rate hike and opened the door to further QE.

Asian shares rose for a third day but closed lower than expected as European leaders failed to reveal specific plans to tackle the debt crisis after a meeting yesterday.

French and German leaders are calling for a tax on financial transactions to raise more revenues as they respond to the euro debt crisis.

US investors jettisoned shares in early trading following a warning from consumer giant Walmart, piling on the pressure following weaker than expected German economic growth.

Price pressures across a number of areas have seen UK CPI annual inflation rise from 4.2% in June to 4.4% in July.

German growth lurched sharply lower in the second quarter of 2011, piling more pressure on the eurozone and sending shares in the UK lower in early trading.

Sales of funds of funds reached record highs in the first half of 2011, the Investment Management Association (IMA) has said.