News

The FTSE 100 gained more than 80 points in early trading while global markets leapt higher overnight, lifted by the Federal Reserve's latest round of quantitative easing.

The Federal Reserve has unleashed a third round of quantitative easing to support the US economy following a wave of poor data and a weakening labour market.

M&A

Insight Investment Management is set to acquire currency specialist Pareto Investment Management early next year.

Skandia Investment Solutions, one of the UK's largest platforms, made a loss of £11m in 2011 as the cost of preparing for RDR impacted the business.

Marcus Chandler has joined Kames Capital to work with his former LV= Asset Management colleagues Piers Hillier.

Philip Rodrigs, winner of the Outstanding Rising Talent accolade at the Morningstar OBSR awards, said his success has been due to his ability to deliver style agnostic returns in a difficult market.

Standard Life Investments' Harry Nimmo said his buy-and-hold philosophy is the secret behind delivering top-quartile returns over the past two decades.

The US Federal Reserve will push ahead with QE3 although it will make policymakers "look like fools again", said outspoken investor Jim Rogers.

PIMCO's Bill Gross, the manager of the world's biggest bond fund, has cut his stake in US Treasuries by 12%, ahead of a crucial meeting by the Fed later when it may announce further quantitative easing.