News

Credit rating agency Moody's Investor Services has downgraded its rating of the European Stability Mechanism (ESM) - Europe's bailout fund - because of increased concerns over the financial health of France.

US Treasury Secretary Timothy Geithner has sounded a warning over the very real possibility of the US government failing to reach a deal on the fiscal cliff.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

Peter Hargreaves, executive director of platform giant Hargreaves Lansdown, has revealed the business intends to move all its clients over to clean fee share classes to meet regulatory changes.

AUTUMN STATEMENT

State-owned lender Royal Bank of Scotland(RBS)has predicted it could take ten years to fully return to the private sector, according to reports.

Argonaut's Barry Norris has said he will never invest in a gold stock again, after selling out of his stake in Swedish-listed company Nordic Mines at a 75% loss.

James Harries, the manager of the £3bn Newton Global Higher Income fund, is set to overhaul his portfolio as he changes tack on a variety of sectors.

Investment Week recently hosted the fourth annual Climate Change & Ethical Investment Awards.

The winners of the Gold Standard Awards 2012, run by Investment Week's parent company Incisive Media, were recently honoured at a ceremony at the House of Commons.