News

Emerging market stocks rose for the ninth day in a row today on increased investor confidence, driven by positive data from China and the US.

Private bank and wealth manager C. Hoare & Co has shifted its asset allocation focus from the US to Europe for 2013 ahead of an expected boost for the single currency.

The future stability of the global economy has been threatened by the Bank of England and six of the largest central banks issuing close to $6trn of "essentially free" money since the financial crisis, according to PIMCO's Bill Gross.

Pioneer Investments has appointed David Glazer to the newly-created role of global equities portfolio manager, based in Boston.

Baring Asset Management has appointed Nicola Hayes as head of client service and relationship development.

Benchmark 10-year gilt yields have moved back above 2% for the first time since last May as the equity rally is mirrored by a sell-off in core government bonds.

A pair of MPs have criticised the decision to award a knighthood to Hector Sants, the former chief executive of the Financial Services Authority (FSA).

Smith & Williamson Investment Management has appointed Mickey Morrissey as head of UK IFA sales in a push to grow its discretionary fund management service.

Nouriel Roubini has warned the market euphoria surrounding the US fiscal cliff deal is unsustainable, arguing the longer-term outlook for the world's biggest economy remains "bleak".

The UK's biggest advice firms have been accused of failing to adequately inform potential clients whether they provide independent or restricted advice.