News

Darwin's David Jane has bought back into banks for the first time in ‘many years' in the view they are trading well below book value and can rise significantly from here.

The Financial Services Authority (FSA) has fined former finance director at Royal Liver Assurance Limited (RLA), George McGregor, £109,000 for entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee.

Legal & General Investment Management's strategic bond manager Richard Hodges is sticking by his gilt exposure even though he sees 'little value' in the asset class.

Markets in the UK and across Europe were gaining this morning, with investors optimistic holders of Greek debt will agree to a restructured deal.

Ratings agencies have refused to apologise for mistakes made in the run-up to the subprime mortgage crisis - and warned more errors could be made in the future.

Alan Brown, the chief investment officer at Schroders, is to step down from the board and from his role as CIO at the next AGM.

Businesses running final-salary pensions are being "clouted" by the government's quantitative easing (QE) programme, says the National Association of Pension Funds (NAPF).

Operating profits at Aviva Investors have tumbled 9% ahead of a planned scale back in distribution to retail investors.

Ministers have been urged by an influential committee to draw up a plan of action to help the country cope in the event of a eurozone collapse.

Chris Rice, manager of the £823m Cazenove European fund, is adding risk to his portfolios due to bombed out valuations and the European Central Bank's implementation of "one of the biggest bailouts in history".