News

Institutional investors are likely to keep their cash in fixed interest this year and may even top up their holdings, despite talk of a shift into equities, said HSBC Global Asset Management's product specialist, fixed income, Brian Dunnett.

Baillie Gifford's European equity specialist Tom Coutts said the Italian election was not a game-changer for markets, but has thrown up opportunities for stockpickers as uncertainty hit share prices.

The worst of the eurozone debt crisis is over, according to Alliance Trust Investments' Fiona MacRae, as capital flows in the region start to reverse.

Europe is on the road to economic recovery as Ireland becomes the first country to emerge from the financial crisis, according to T. Rowe Price's European equity manager Dean Tenerelli.

Santander has confirmed it has pulled out of the investment advice market resulting in the loss of 724 jobs.

The Tax Incentivised Savings Association (TISA) is writing to the Treasury to ask for a one-year delay on the proposed rebate tax, after estimating the costs to the industry far outweigh the tax likely to be recouped.

Upmarket wealth manager St James's Place paid £12,750 for a speech from Labour MP David Miliband at its annual conference.

Q4 2012 US GDP has been revised up from 0.1% to 0.4%, though the figure remains the lowest level of quarterly growth seen since Q1 2011.

Senior staff at J O Hambro Investment Management are to buy out the business from owner Credit Suisse with the help of banking group Bermuda National.

Fidelity FundsNetwork is to bring forward all rebate payments accrued in the current tax year to before 6 April, in a bid to avoid income tax levied by HM Revenue & Customs (HMRC).