Markets

Billionaire investor Warren Buffett has compared the Federal Reserve to a giant - and successful - hedge fund, after the central bank opted not to taper its asset purchase programme on Wednesday evening.

Jupiter's Merlin multi-manager team have added Jim Leaviss' M&G Global Macro Bond fund to their Merlin range as they adjust the portfolios over the summer period.

Chelsea Financial Services and Albemarle Street Partners are to launch a fund rating service early next year, targeting consumers as well as advisers and rivalling a number of existing agencies.

ON UK GROWTH

The Federal Reserve has been accused of ‘making policy on the fly' after it opted not to taper its quantitative easing programme at its monthly meeting yesterday.

Q&A

The FTSE has jumped as much as 1.5% after the US Federal Reserve came yesterday indicated it has no plans to cut back on its quantitative easing programme at present.

Reigning Premier League champions Manchester United reported record revenues for the 12 months to June yesterday.

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.

Troy Asset Management CEO Sebastian Lyon has pledged to retain his 'natural caution' in the face of an increasingly optimistic atmosphere for equity investment.