News

Schroders' Richard Buxton has backed Burberry's plans to increase its investment spend despite a negative reaction from markets today, noting shares look attractive at the current price.

Morningstar has launched a stinging attack on the closed-ended funds industry, arguing the sector will not be able to compete with OEICs until it releases full holdings data on a regular basis.

Scottish Widows Investment Partnership (SWIP) has confirmed the members of its revamped global equities team who will be staying following its overhaul.

European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.

Smith & Williamson Investment Management is the latest group to add institutional share classes to its entire pooled funds range in preparation for RDR.

April UK retail sales have come in well below forecast as Bank of England minutes have revealed many MPC members are considering voting for further quantitative easing.

Business secretary Vince Cable is a "socialist" who should never have been given responsibility for business policy, Adrian Beecroft has claimed.

Berlin is to sell up to €5bn of two-year Schatz notes (treasury notes) at auction today with a 0% coupon, as investors' flight to safety gathers pace and heightens 'market dislocation'.

US regulators may review Facebook's disclosure process prior to last week's float, after claims some investors got favourable access to new information.

The World Bank has cut its economic growth forecast for China this year from 8.5% to 8.2%, which would be its weakest level in more than a decade.