News

The UK Treasury has called off its weekly gilt auctions for a four-week period between mid-July and mid-August during the Olympics.

Investors piled into risk assets today as the results of last night's summit talks in Europe gave investors hope that an end to the crisis is in sight.

Europe can learn some important lessons from the historical development of emerging economies as it attempts to resolve its sovereign debt crisis, Franklin Templeton's Mark Mobius has said.

Stephen Hester, chief executive of Royal Bank of Scotland, has given up his £2.4m bonus for 2012 following the computer meltdown at the bailed out bank.

Feras Al Chalabi, partner & portfolio manager at Odey Asset Management, will be dicussing the opportunities in Europe at our Global Fund Manager Forum on 5 July. Opportunities in European Ex-UK Equities

Bank of England governor Sir Mervyn King has called for the current LIBOR system to be overhauled following the Barclays debacle.

PIMCO's Bill Gross has said US debt to GDP could accelerate towards 800% over the next five years if all actual liabilities are taken into account.

The estimated value of the remaining assets within the Arch Cru funds has fallen again, reducing the amount of returns to investors being offered by Capita Financial Managers, the authorised corporate director.

Barclays record FSA penalty for LIBOR manipulation will be superseded by other banks' fines as the investigation deepens, according to Schroders' Richard Buxton.

London's leading share index has notched up a 1.3% rise in early trading, as European policymakers announced plans to move towards a banking union.