News

Warren Buffett's Berkshire Hathaway is in talks to buy aerospace manufacturer Precision Castparts, which would mark its biggest ever acquisition.

BlackRock has appointed Tom Holl as co-manager on Evy Hambro's £664m Gold & General fund.

Mirabaud Asset Management has poached James Southern from Sanlam FOUR to work in the newly-created role of sales director.

A new industry initiative aiming to improve liquidity in the fixed income market has gone live under the title Neptune, supported by 42 banks and investment firms.

Financial markets are "ripe for major decline" next year, according to a fund manager who forecast the dotcom bubble and 2008's global credit crisis.

Heartwood Investment Management has moved its range of funds into the IA Unclassified sector, joining a growing number of groups that have not been able to find a suitable peer group for risk-rated products.

Fund managers and economists have reacted to the surprise news that only one MPC member voted for a rate rise this month, saying the UK economy is 'not out of the woods yet'.

HSBC Global Asset Management has added a new multi-asset income fund to its Luxembourg-domiciled fund range.

In its latest quarterly Inflation Report, the Bank of England has forecast inflation will remain low for longer than previously expected, as a result of weak energy prices and continuing currency strength.

Sterling fell 1% against the dollar and euro this lunchtime, as rate rise expectations were pushed back, with just one MPC member voting for an increase this month.