News

Chinese shares have started the week sharply in the red, with markets off substantially amid ongoing fears about the impact of the US cutting back its stimulus programme.

The Chancellor George Osborne is to back proposals for harsher punishments for bankers who act recklessly and lead to the collapse of financial institutions.

Odey Asset Management is to soft-close James Hanbury's top-performing £629m UK Absolute Return fund next week, Investment Week can reveal.

The pound has fallen further against the dollar in early trading, deepening a slump that began yesterday after the Bank of England reassured investors about the future path of the base rate.

M&G's Stefan Isaacs has pointed to the "surprisingly dovish" statement from ECB president Mario Draghi as a sign the bank may introduce fiscal stimulus sooner than the market expects.

Advice from retail investment advisers on shares, derivatives and other investment products that are not classed as retail should be included in the regular complaints reports the Financial Conduct Authority (FCA) receives from firms, the FCA has said....

Nucleus Financial CEO David Ferguson has said he believes the wrap has hit "sustained profitability" after it posted record first-half profits.

WINNERS

The performance of the Standard Life Investment's Global Absolute Return Strategies (GARS) fund significantly lagged the IMA Targeted Absolute Return sector amid recent market volatility as some positions failed to pay off.

Asian equity markets have followed their European counterparts higher in overnight trading, but investor attention is now firmly focused on the US once again.