News

Janus Capital International, the international arm of Janus Capital Group, has appointed Matthew Nagele as head of UK for its European business.

M&G's Michael Riddell has put 10% of his International Sovereign Bond fund portfolio in Italian government bonds in anticipation of a fresh liquidity injection from the European Central Bank.

HSBC has put aside $1.3bn (£830m) in UK customer redress provisions and $700m (£450m) relating to US regulatory and legal issues as it reports $12.7bn in interim pre-tax profit.

Spain has sunk further into recession, after official data showed its stricken economy shrank by 0.4% in the second quarter of this year.

Pau Morilla-Giner has been appointed CIO at wealth manager London & Capital as Ashok Shah steps aside from the role.

The European Central Bank (ECB) could face extended losses as it prepares a last-ditch attempt to prevent a Greek exit from the eurozone.

Brewin Dolphin reported income for Q3 was up 4.4% to £66.8m compared to the same period in 2011, with recurring revenue now representing 67% of the total.

Stephen Hester, chief executive of the Royal Bank of Scotland, has admitted his bank will face a significant fine over the rate-rigging scandal which has thrown Barclays into the spotlight in recent weeks.

Developed nations are stuck in a "never-ending cycle of recession" which will lead to a huge growth crisis in the summer of next year, Ignis' chief economist Stuart Thomson has warned.

Economists have warned the UK could suffer a triple-dip recession next year after the recovery effects of the Olympics wear off.