Markets

Old Mutual's Richard Buxton has warned investors in the housebuilding sector the UK is far from experiencing a housing boom.

Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today's market environment, said Société Générale's Albert Edwards.

Mirabaud has seen the departure of portfolio manager Malcolm White from its global equities desk.

Legal & General Investment Management (LGIM) has appointed Justin Onuekwusi as lead manager of its newly-launched Multi-Index range.

The British Chambers of Commerce (BCC) has sharply increased its forecast for economic growth in the UK for 2013.

Hedge fund manager Hugh Hendry moved to play the summer EM sell-off by pitting 'good' emerging markets against struggling peers.

UK

The US economy expanded at a much greater rate than expected, according to latest figures released this afternoon, helping push benchmark US treasury yields back up to 2.82%.

Skandia UK sales director Steve Powell is to retire at the end of the year after 23 years with the group.

Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.