News

The decision by Mario Monti to stand down as Italian Prime Minister earlier than planned has caused markets to fall across Europe today, and led to a spike in Italian bond yields.

Newton Investment Management has named Richard Wilmot as lead manager of the £2.2bn Newton Higher Income fund, replacing Tineke Frikkee.

Skandia has cut 20 of its 100-strong sales force as it restructures its financial adviser sales team ahead of the RDR.

Ben Rogoff has moved fully invested on the £515m Polar Capital Technology trust in the view share prices will be supported even if tech firms see further earnings downgrades.

A number of celebrities, including pop star Robbie Williams, are facing multi-million pound tax bills if a tribunal judgement goes against VCT provider Ingenious Media.

Lindsell Train co-founder Nick Train has said the single best performing stock in his portfolio in 2012 and his stock pick of the year is Hargreaves Lansdown.

The Financial Services Authority is considering major making 'radical changes' to its approved persons regime, according to a report in the Sunday Telegraph.

Business secretary Vince Cable has said the UK could see a triple-dip recession, and event a Japan-style 'lost decade' of zero growth.

Martin Currie's Tom Walker has bought back into US banks for the first time in three years on expectations the sector will return to pre-crisis norms.

Firms and individuals are to be encouraged to self-report on instances of market abuse, a senior Financial Services Authority (FSA) figure has said.