News

Hugh Hendry has backed Japanese equities to continue their stellar start to 2013, but is also boosting exposure to sovereign bonds on concerns Japan's recovery will have harmful effects elsewhere.

UK businesses from across the cap scale are still flourishing despite the struggling macroeconomic environment, according to Chris Hutchinson, co-manager of the Unicorn Outstanding British Companies fund.

London blue-chip index has crossed the threshold level of 6,600 for the first time since 2007 after a seven-day climb.

Artemis Strategic Bond manager James Foster has avoided taking a hit on Co-operative Bank bonds by selling his position two weeks before today's sell-off.

Alan Burnett, head of UK intermediary business at Martin Currie, is to leave the firm at the start of June for Lyxor Asset Management.

BT shares have rocketed this morning after the group reported forecasting-beating results which have left it ready to take on rival Sky with its broadcasting plans.

Skandia has led tributes to British Olympic sailor Andrew 'Bart' Simpson, who passed away yesterday after a Swedish catamaran capsized during a training session.

Ratings agency Moody's has downgraded the Co-operative Bank's debt rating - prompting the exit of its chief executive - after warning the group may need to raise £1bn.

The Ruffer Investment Company saw NAV hit a record high in April as soaring Japanese equities helped offset exposure to struggling gold miners.

The board of the Schroder Oriental Income investment trust, managed by Asian specialist Matthew Dobbs, is undertaking a £100m C-share issue to meet investor demand.