News

Ratings agency Moody's has downgraded the credit rating of McGraw-Hill, the parent of the world's largest ratings company, rival Standard and Poor's.

Standard Life Investments' Thomas Moore, manager of the £105m UK Equity Income Unconstrained fund, has sold out of UK pharmaceuticals amid fears the sector faces further earnings downgrades this year.

A US equity fund targeting the Japanese retail market has seen one of the largest subscriptions ever as domestic investors pile into overseas stocks on fears over the yen.

UK stockpicker tips another strong year for equities, fuelled by investors' changing asset allocation strategies.

Threadneedle's head of interest rates and currency Matthew Cobon has initiated a tactical ‘long sterling' trade in the view the currency's recent slump is overdone.

BlackRock has appointed Nigel Bolton as chief investment officer for the EMEA and Asia regions.

Miton's managing director Gervais Williams is to take over the management of the Henderson Fledgling investment trust he ran for almost a decade at Gartmore, ahead of a planned merger with his £127m Diverse Income trust.

Lord Myners, the former City Minister, has condemned lobbying of the government by the financial services industry, which has made fund managers rich at the expense of companies.

A group of MPs has criticised government attempts to stimulate the economy, including quantitative easing, for being "expensive experiments".

Schroders has promoted Karl Dasher to head of North America, replacing Jamie Dorrien-Smith who is retiring in July after 19 years of service at the firm.