News

The FTSE 100 opened almost 10 points lower this morning, pushing it under 6,190 points, after disappointing trading sessions across the globe overnight.

Invesco Perpetual has hired David Bower as head of marketing for the EMEA region, after Rick White's marketing role was made redundant in November.

David Bellamy, the chief executive of St James's Place (SJP), has said the business is "well positioned" to reap the benefits of the trading environment introduced since RDR as he revealed assets under management had reached record levels.

ICAP, the world's largest inter-dealer broker, has reportedly become a focus of the UK's rate-rigging investigation being carried out by the FSA.

The chief economist of the International Monetary Fund (IMF) has asked the government to "take stock" of its austerity programme ahead of the next Budget in March.

Technology giant Apple saw shares dive 10% in after-hours trading, wiping $50bn off the market cap value, as its latest update to the market left analysts underwhelmed.

Ignis Asset Management parent Phoenix Group has rejected a number of takeover approaches to buy the fund management business, according to reports.

Cofunds sales and marketing director Alastair Conway is leaving the platform after five years.

The FTSE 100 looks set to break the 6,200 level, the first time since May 2008, continuing the rally that has propelled markets since the beginning of the year.

The Monetary Policy Committee (MPC) voted unanimously to hold the bank rate at 0.5% at the last meeting, while all but one member voted to maintain the QE programme at £375bn.