News

Henderson's director of pan European equities, Tim Stevenson, discusses the rally in European markets over the past six weeks and the ECB's rumoured plan to backstop the euro by capping Spanish and Italian bond yields.

The S&P 500 is at a four-year high and the Dow looks set to follow as US equity investors continue to make gains.

James Harries has handed over lead management of the offshore £2.8bn BNY Mellon Global Equity Higher Income fund to Nick Clay in a reshuffle of the firm's income team.

Eden Financial's Leigh Himsworth said appetite for UK income stocks could be about to wane and investors may become more willing to pay a premium for growth names.

The Financial Services Compensation Scheme (FSCS) has declared 21 investments firms in default, including a number of independent financial advisers and mortgage brokers.

European markets rose in early trading as investors awaited a meeting on Greece's future and possible anti-crisis action from policymakers.

Apple has overtaken Microsoft as the most valuable company of all time after its share price surged yesterday, pushing the value of the company to $623bn.

Jeremy Charles, manager of the £1.3bn Scottish Widows UK Growth fund, is the latest fund manager to exit the firm following the restructure of its £54bn equity desk.

Former Polly Peck International (PPI) owner Asil Nadir has been found guilty of stealing a total of more than £5.5m from the company in 1989 and 1990.

Billionaire investor George Soros has become one the biggest backers of Manchester United Football Club after buying a near 8% stake in its listed shares.