News

UK GDP rose by 1% in the third quarter of 2012, bringing the UK out of recession with first positive quarter of growth this year and beating analyst forecasts of a 0.6% rise.

Investment veteran Warren Buffett expects US growth to continue "inching ahead" of its Western counterparts, despite the looming fiscal cliff putting the country at risk of slipping back into recession.

Asian stock markets rallied overnight as Hong Kong's Hang Seng Composite index posted its longest streak of gains in seven years.

US investment banking giant Bank of America has been hit with a $1bn (£624m) lawsuit from the government over allegations it fraudulently issued "toxic" loans.

Prime Minister David Cameron has been accused of revealing that tomorrow's GDP figure will meet positive expectations, in an apparent slip-up that could have breached the embargo on the official data.

The growing number of off-exchange trading platforms is changing the way fund managers buy and sell shares, according to Nigel Thomas, manager of the £3.3bn AXA Framlington UK Select Opportunities fund.

In less than three months, investment trusts will sit on a level pricing playing field with open-ended products for the first time, as the industry says goodbye to trail commission.

More Western asset managers look set to follow in the footsteps of Schroders and Invesco by acquiring stakes in Indian fund management companies to take advantage of a growing interest in investments.

The Financial Services Authority (FSA) has charged a former adviser with six offences relating to investment advice given whilst unauthorised.

Adam Smears, head of investment research at Skandia, has left the group to pursue other opportunities.