News

Jim Leaviss, head of retail fixed income at M&G, has removed his short position on the yen in his £688m Global Macro Bond fund following the dramatic sell-off in the Japanese currency.

UK stock markets and their European counterparts continued to sell-off today as ongoing worries about global growth and a sharp fall in the US overnight weighed on sentiment.

UK consumer prices index (CPI) inflation remained unchanged at 2.8% in the year to March, after a slight rise during February.

Chief executive of the Prudential Regulation Authority (PRA), Andrew Bailey, has said it is "more than odd" that the top bosses in control of failed banks have avoided formal charges.

The US' three major equity markets dropped overnight after a bomb blast at the Boston Marathon shook markets and weak data from China continued to weigh on stocks.

Weaker than expected economic data from China has caused a sell-off in risk assets, especially commodities.

UK equity manager James Clunie has left his role at Scottish Widows Investment Partnership (SWIP) to join Jupiter Asset Management.

Barclays has been named as the Financial Conduct Authority's (FCA) most complained about firm for the second half of last year.

The European deleveraging process is five years behind that seen in the US and may obstruct a further rise in equity markets, according to Invesco Perpetual's Neil Woodford.

Gold's slide into a bear market has accelerated this morning as prices fell a further 5% to a two-year low of under $1,400.