Markets

Fund buyers and investors face a challenging 2015 as they weigh up how to diversify in the face of crowded trades and elevated valuations, market commentators have suggested.

Nine challenges facing the eurozone

Tesco shares rose as much as 15% today after the retailer announced plans to save £1bn, prompting a wider rally for the troubled supermarket sector.

Liontrust increased its retail assets under management (AUM) to more than £3bn and total AUM to over £4bn in the final three months of 2014.

JPMAM's market strategist Stephanie Flanders has said she expects the ECB to act imminently to shore up the economy after the eurozone fell into deflation in December.

Beleaguered supermarket Tesco is planning a cost-cutting drive which will see it cancel its full-year dividend, close stores, and appoint a new UK CEO in a bid to reverse its fortunes.

The eurozone slid into deflationary territory in December for the first time in five years, according to preliminary figures released today.

New documents show the Bank of England was seemingly unaware of the impending financial crisis in the weeks prior to its emergence.

Hedge fund manager Crispin Odey netted a pay packet of £47.8m in the year to April 2014 after his boutique more than trebled profits.

Aviva Investors is set to merge Chris Murphy's UK Income & Growth fund into his UK Equity Income portfolio, subject to shareholder approval.