News

DIVIDENDS

Now is the time for income-seeking investors to look at UK banks again, ahead of their return to the dividend register, said Schroders' Nick Kirrage.

Apple's glory days are numbered and it will be impossible for the technology giant to sustain its meteoric pace of growth, according to Ben Rogoff, manager of the £412m Polar Capital Technology trust.

High yield bond investors will face challenges in 2013 as companies take advantage of market conditions to issue lower-yielding debt.

Fixed income managers have expressed concerns a new bubble may be forming in higher-rated corporate bonds as investors pile into the asset class.

London's leading share index is edging back up towards the 5,800 mark in early trading, recovering from a fall to a three-week low at the end of last week as Spanish bailout fears weighed on sentiment.

The planned merger of Glencore and Xstrata has been given the green light by Xstrata's independent board members, who have backed Glencore's revised $33bn bid for the company.

Jon Mawby from ECM Asset Management has joined GLG to run its £166m Global Corporate Bond and £189m Global Strategic Bond funds.

David Harding, founder of hedge fund Winton Capital Management, has disclosed an annual tax bill of £34m and urged other higher rate taxpayers to pay their fair share.

Ratings agency Fitch has warned the UK's AAA credit rating is under increasing pressure because of growing government debt, which could hit 100% of GDP this year, and the continuing eurozone crisis.