News

The IMA has put forward three proposals to member groups on how to divide up the Absolute Return sector.

Invesco Perpetual's income stalwart Neil Woodford has initiated three new positions in his £915m Edinburgh investment trust, to take advantage of share weakness.

City Asset Management founder Vivian Coghill has passed away following a short illness.

Comparison site MoneySupermarket has agreed to buy MoneySavingExpert from founder Martin Lewis for £87m.

European equities have fallen sharply this morning as the rate of Spain's manufacturing contraction increased and soaring eurozone unemployment worried investors.

BP has informed the other shareholder in its joint venture, a group of Russian billionaires known as Alfa Access Renova, of its plans to find a buyer for the stake, according to the BBC.

The Chancellor, George Osborne, is taking legal action against the EU over plans to give a pan-European superviser far-reaching powers to ban or limit the short-selling of financial products, the Financial Times reports.

PIMCO's Bill Gross has told investors they will find it difficult to repeat the performance of the past 30 years, comparing Wall Street to a food chain and Europe to a "tumour".

Mark Holden has lifted the £107m UK Focus fund out of the bottom quartile by concentrating the portfolio into just 21 stocks.

The chief executive of Xstrata is in line for a £75m payday as head of the company created from a merger of the miner with commodities giant Glencore.