News

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.

London remains the top city in the world for foreign investment, according to a report into the growth of emerging market economies.

The UK will lose its AAA credit rating by December, MAM Funds' Simon Callow has said, after Fitch became the second ratings agency to place the economy on negative watch.

Fidelity has launched a Global Demographics fund investing in companies where demographic factors are the single most important driver of growth.

Rathbones' Income fund manager Carl Stick has ramped up the cash in his fund to its highest level for 10 years, warning the UK market is at risk of a correction.

Liontrust Asset Management has made Ian Furtado, the former head of sales at EM boutique Occam, redundant, Investment Week understands.

Andrew Bell's £1.1bn Witan investment trust has conceded it was too highly leveraged last year, after reporting a sharp drop in its NAV for 2011.

F&C Asset Management was one of the biggest losers in the FTSE 250 today after the group revealed a spike in outflows in 2011 and a dip in profits.

The Financial Services Compensation Scheme (FSCS) says it does not expect any major investment failures in the next financial year after setting another interim levy for financial advisers.