News

Apple stock has hit a new high of $600 per share as the third edition of its iPad tablet computer hits the stores and flew off the shelves.

Hector Sants has announced he is to quit as the head of the FSA in the summer.

UK stocks will climb 10% over the next few months, said Colin McLean, managing director of SVM Asset Management, with industrials and financials set for the strongest rally.

Investors are not yet ready to deploy stockpiled cash into equity markets despite the recent rally, said Investec's Max King, as they are "afraid of the bogeyman" or unexpected shock.

State filings from Berkshire Hathaway have revealed the salaries of some of Berkshire Hathaway's senior staff in 2011.

RIT Capital, the £1.9bn investment trust founded and chaired by Lord Jacob Rothschild, has announced the creation of a strategic partnership with international asset manager Edmond de Rothschild Group.

Skandia Investment Group (SIG) has removed J.P. Morgan from its $350m Skandia Global Equity fund, handing the mandate to Five Oceans Asset Management.

The Chancellor, George Osborne, is set to make a cut to the top rate of income tax his headline measure in next week's Budget, as the Liberal Democrats have eased their opposition to the move in exchange for other concessions.

The chairman of tour operator Thomas Cook has reportedly rejected a proposal by a group led by two leisure industry veterans and backed by some shareholders to inject £400m into the company.

The longest losing streak for 10-year US treasuries since 2006, coupled with a marked rise in other ‘safe haven' bond yields, poses some difficult questions for bond investors.