News

The Financial Services Authority (FSA) has issued final guidance for firms using centralised investment propositions (CIPs), pointing out the requirements when outsourcing to a discretionary investment manager (DFM).

F&C Investments has scrapped plans to launch a US investment trust after it failed to reach its £100m fundraising target.

Leading economists have predicted the UK's main inflation rate will fall as low as 0.5% next year.

Neptune has launched a Defensive Managed fund as it becomes the latest fund group to unveil a lower risk offering.

Smith & Williamson Investment Management is to add to its fixed income range with a Medium-Dated Corporate Bond fund for Ian Kenny.

Barclays shares are in demand, despite the fall-out from the LIBOR scandal and Bob Diamond's resignation, with investors buying five shares for every one sold.

The European Central Bank is expected to cut rates this afternoon in a bid to help revive the ailing eurozone - a move which stands to benefit hedge fund manager Hugh Hendry.

Ratings agency Moody's has changed the outlook on Barclays' financial strength rating from stable to negative, saying the uncertainty over the bank's future direction is negative for bondholders.

Aviva has overhauled its senior management team and announced a revised strategic business plan after major shareholders raised serious concerns.

Indices across Europe are expected to open flat ahead of the anticipated moves from the ECB to cut interest rates and a further injection of QE from the Bank of England.