News

Business secretary Vince Cable could take action against Fred Goodwin and a small number of former Royal Bank of Scotland (RBS) directors over the bank's collapse.

Asian investment house Lion Global Investors (LGI) has launched three funds into the UK, including an Asian Income mandate which it hopes can challenge the existing powerhouses in the sector.

Asian markets jumped overnight after the 'pro-bailout party took a narrow win in Greece's elections, but European indices saw an early rally disappear as Spanish bond yields spiked again.

Franklin Templeton's Mark Mobius said investors should expect an increasing number of market crises as information flows increase and Western growth grinds to a halt.

Steve Bailey and Jan Luthman have added European food giant Nestlé to the £242m Liontrust Macro Equity Income fund as part of a wider play on consumer staples.

Kames Capital's Phil Milburn and Melanie Mitchell are poised to add to European holdings in their High Yield Bond fund but are waiting for two specific catalysts before taking the plunge.

HEDGE FUNDS

Europe's major markets are climbing today ahead of the Greek elections, and following the Bank of England's unveiling of a £100bn stimulus package for the UK economy.

UK bank shares have jumped following last night's announcement of a £100bn stimulus package for the UK economy.

Old Mutual's Paul Feeney has been handed wider responsibility at the group after being appointed CEO of the wealth management division.