News

Internet search giant Google has become bigger than Microsoft in terms of market cap after its shares surged 30% in the last quarter.

The gold spot price rose to its highest level this year yesterday as global equity markets started the quarter with strong rises.

Exchange Traded Product flows reached their highest monthly level in almost four years in September as investors piled into passives.

Businesses are predicting the UK economy has moved out of recession in the third quarter of 2012, with expectations from leading firms that GDP has grown by 0.5%.

The New York Attorney General has sued J.P. Morgan Chase for allegedly defrauding investors who lost billions of dollars on mortgage-backed securities sold by Bear Stearns.

EUROPE

The Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to 'work around' the Retail Distribution Review (RDR) commission ban.

The Financial Services Authority (FSA) has charged four men with conspiracy to insider deal between 1st November 2006 and 23rd March 2010.

Fidelity Worldwide Investment is planning to launch an Asian Dividend fund as it moves to compete with rivals such as Newton in this increasingly popular space.

UBS Global Asset Management has launched RDR ready commission free share classes as part of a wider push into the UK retail market.