News

Attempts by the world's seven major economies to calm the growing tensions over exchange rates triggered by the weakening yen have failed, as currency markets suffered a second day of volatility.

First Trust Advisors is planning to open up its $4.6bn enhanced index fund range to the UK market, taking on the likes of BlackRock and Vanguard in the ETF space.

Barclays shares rose almost 9% on Tuesday and ended the day up more than 7%, buoyed by news of a £1.7bn cost-cutting plan, announced in its strategic review.

The UK will avoid falling into a 'triple-dip' recession but external forces still pose a danger to the economy, according to the Confederation of British Industry (CBI).

Artemis Investment Management co-founder John Dodd has backed financier Nathan Rothschild in his boardroom battle over coal miner Bumi.

MSD Capital, the family office of Dell Computer founder Michael Dell, has been building a short position in Hargreaves Lansdown as the group's share price takes off.

The £1.3bn Witan Investment trust has moved to quarterly dividend payments after announcing a 10% rise in payouts for 2012.

The managers of the Ruffer investment trust fear the portfolio's strong performance in January may be a sign assets are correlated and will all plummet at the same time in a down market.

Psigma Investment Management has teamed up with TwentyFour Asset Management to seed a new fund for its clients - the TwentyFour Asset Backed Income fund.

The FSA is reconsidering whether VCTs, REITs and offshore investment companies should be included in the forthcoming sales ban on unregulated collective investment schemes (UCIS) to retail investors.