News

The price of gold has fallen through $1,600 for the first time in six months as investors continue to pile into risk assets such as equities.

Pressure is mounting on the boss of Lloyds to give up his bonus after the bank was rocked by yet another hit relating to a mis-selling scandal.

Sir Mervyn King voted to increase quantitative easing by a further £25bn at February's Monetary Policy Committee meeting, latest minutes reveal.

The UK's blue chip index has climbed to a five-year high above 6,400, surpassing the peak of 6,376 seen before the financial crisis.

J.P. Morgan Asset Management(JPMAM) has expanded its multi-asset fund range with the launch of a macro fund for James Elliot, who took over as head of the division in December.

Asian stocks have rallied for the third day in a row, led by Japanese shares, as regional indices touch highs last seen in 2011.

European technology company earnings are set to bounce back this year but investors should tread carefully, according to Franklin Templeton European Growth fund manager Mike Clements.

Saracen is to merge its Global Income & Growth fund with the SMT Saracen Global Equity Income fund.

Former Williams de Broë CEO Philip Howell is to join Rathbones as deputy chief executive as the group looks forward to 2013 with "more optimism".

AXA Framlington American Growth managers Stephen Kelly and Dan Harlow have cut their position in Apple after growing concerned over margin pressures at the world's largest tech firm.