News

Bankers could see bonuses capped at twice their basic pay and forced to return "golden hellos" if they fail to perform, under draft European rules being drawn up.

PIMCO's Bill Gross has urged investors to stage a Steve McQueen-style 'Great Escape' from today's 'repressed' environment for returns.

Merrill Lynch's chief investment officer Bill O'Neill has advised investors to steer clear of government bonds, saying they will only offer value in a double-dip environment.

FOUR Capital Partners' UK team have been boosting exposure to cyclical companies that were sold off in last summer's market correction.

John Clougherty, chief executive of Aviva Investors' UK funds business, has left the group.

Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm.

Shares in Royal Bank of Scotland topped the FTSE 100 this afternoon following reports Abu Dhabi's sovereign wealth fund is considering buying a 'significant stake' in the bank.

Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit-for-purpose life company and a closed life fund consolidator.

Invesco Perpetual's income stalwart Neil Woodford remains convinced pharmaceuticals are the buy of the decade, stating the sector is now the cheapest it has ever traded.

The S&P 500 closed at its highest level since May 2008 after Fed chairman Ben Bernanke hinted the US central bank would keep in place its supportive monetary policy.