News

LGIM's European fund manager Gavin Launder has been promoted to head of European equities at the group.

European indices have deepened losses after US jobs figures from the Bureau of Labor Statistics came in below expectations.

A paper being reviewed by the House of Lords has launched an attack on the Investment Management Association, saying it is ill-equipped to decide on sector classifications, and the job should fall to a more impartial body.

Investment Week has revealed the shortlist for its 17th annual Fund Manager of the Year Awards.

BlackRock's Bob Doll said stock prices need to rise and bond prices need to fall before American investors will buy US stocks again.

Miners dragged the FTSE 100 down this morning after Australia cut its economic growth forecast, with investors also nervous ahead of key US jobs data.

Graham Ashby has swapped 20 of the 50 stocks he inherited on the Ignis UK Equity Income fund in favour of stocks he prefers such as BSkyB and Petrofac.

Lord Norman Lamont, former Chancellor of the Exchequer, has blamed the Bank of England's low interest rate policy in the mid-2000s as the "biggest single contributory factor" of the 2008 crisis.

Wells Capital has acquired fellow discretionary firm Reeves Investment Management in a deal which increases its AUM by over £50m.

LinkedIn shares rocketed nearly 10% overnight after the business-focused social networking site posted bumper quarterly profits yesterday.