News

Former Cofunds head of commercial Russell Lancaster is joining Fidelity as sales director.

Credit ratings agency Moody's downgraded six Canadian banks last night over fears the lenders had become more vulnerable to downside risks and rising house prices.

Henderson's Job Curtis, manager of the £838m City of London investment trust, said UK equity income investors are experiencing the best conditions since the 1950s.

Neil Veitch, manager of the SVM World Equity fund, has benefited from increasing exposure to financials in the last six months, as the loosening of Basel III requirements for banks has boosted the sector.

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The French labour minister, Michael Sapin, described the nation as "totally bankrupt" in a recent interview, leaving the French President Francois Hollande to minimise reputational damage.

A European court has cleared the Icelandic government of failing to guarantee minimum levels of compensation for UK and Dutch savers in the collapsed Icesave bank.

MPs have called on the Chancellor to return to giving just one Budget statement a year.

BBC's Panorama programme is investigating the use of unregulated collective investment schemes (UCIS) in self-invested personal pensions (SIPPs).

European equities have their attractions but the continent's economic position will disappoint investors for years to come, according to Carmignac Gestion's Frédéric Leroux.