News

Threadneedle's Simon Haines is increasing positions in mid-cap ‘self-help' firms in the view they are best positioned to prosper in volatile markets.

The financial crisis and collapse in US house prices has left the average household in the States 40% less well-off, a Federal Reserve study has said.

Jim Rogers, the chairman of Rogers Holdings, has described the bailout of the Spanish banking sector as "absurd economics" in a scathing attack on the European Union's approach to the crisis.

Liontrust's top performing fund manager Anthony Cross has backed Hargreaves Lansdown's shares to surge after the final rules around platforms and RDR are released.

Advisers with clients in the suspended EEA Life Settlements Fund are to be offered an exit strategy following the Financial Services Authority's (FSA's) decision to ban the asset class for retail investors.

Ian Lance and Nick Purves have allowed cash to rise to 15% on the RWC Enhanced Income fund due to a lack of opportunities in the "expensive" equity market.

JOHCM Income duo move overweight in life and non-life insurance companies

The Financial Services Authority (FSA) has fined investment firm Accendo Markets £56,000 after it failed to ensure its customers were suitable for high-risk products.

Gold exchange-traded commodities (ETCs) saw $500m of inflows in the past three weeks, as investors flocked to the precious metal as the eurozone crisis worsened.

US and Asian markets retreated overnight as optimism over the Spanish bailout fizzled out, to be replaced once again by contagion fears.