News

Markets are hoping for further economic stimulus as the European Central Bank and the Bank of England embark on policy meetings later today.

The New York Stock Exchange cancelled trades in shares which rose as much as 150% yesterday after Knight Capital's electronic trading system malfunctioned.

The UK government is looking at fully nationalising beleaguered bank RBS in an attempt to kick-start lending to British businesses.

F&C's outgoing head of funds and investment trusts Charlie Porter has praised former activist investor and now group chairman Edward Bramson's strategic plan for the asset manager.

London's leading index was 60 points higher in afternoon trading despite a slump in UK manufacturing data, as Next and Standard Chartered lifted the market.

It has been a monumental ten years for equity and bond markets, with the euphoria of the first half matched by the despair seen on the faces of traders in the second half, after one of the worst financial meltdowns ever seen.

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Baring Asset Management is expanding its presence in Korea with the acquisition of one of the largest asset managers in the region, SEI Asset Korea.

Strong retail fund flows in the first half of 2012 have driven Jupiter's AUM to £23.4m, exceeding analyst expectations as the group reported net profit of £31.2m for the period.

A top Bank of England economist has said his profession should take part of the blame for the financial crisis, according to the Telegraph.