Bill Gross, the manager of the world's largest bond fund, said Chancellor George Osborne needs to ditch austerity and 'spend money' if the UK is to emerge from its current economic malaise.
This week commodities dominated the headlines after a hefty sell-off in the gold market; while Schroders moved to replace outgoing manager Richard Buxton with a double hire.
The IMA is to create a "classy, comprehensive and responsive" help centre for fund groups looking to set up shop in the UK.
George Osborne's austerity plan came under attack today from the International Monetary Fund (IMF) after it downgraded the outlook for UK growth by more than any other advanced economy.
Chancellor George Osborne delivered his fourth Budget address this afternoon, cutting his official growth forecast in half, but insisting the UK would avoid a "triple dip" recession.
The FTSE 100 and sterling have both held on to gains from this morning following Chancellor George Osborne's 2013 Budget speech.
Chancellor George Osborne has announced in the Budget that the government will give capital gains tax (CGT) relief on sales of businesses to their employees.
The Evening Standard has apologised to the Chancellor of the Exchequer George Osborne after an image of its front page - meant to be released later today - revealed details of the Budget ahead of Osborne's speech.