News

The chairman of Goldman Sachs Asset Management, Jim O'Neill, said another positive US payroll result on Friday could prompt a renewed rally in US equities.

Cazenove Capital has confirmed it is launching its European Income fund, run by star manager Chris Rice, in May this year.

The board of the £40m British Portfolio trust has stripped RCM of its role as manager of the trust, following a period of poor performance.

Alliance Trust has upped its dividend by 7% and posted a turnaround in performance in its annual results, with the trust leaping to top quartile in its sector.

China has cut its annual economic growth target for the first time in eight years, lowering its forecast to below 8% for the first time since 2004.

The FTSE 100, European indices, and US shares all fell on Monday as investors took profits from recent rallies amid signs of a slowdown in China.

Russian equities approached a seven-month high today as investors bet Vladimir Putin's return to the presidency will extend the market's ongoing rally.

Carlos Slim, the telecoms tycoon, has trumped Bill Gates and Warren Buffett in the first ever daily rich list index from Bloomberg.

Henderson Global Investor's former SRI team, which exited the firm in late 2011 after its funds were handed to other managers, has joined London-based environmental investment manager WHEB Asset Management.

Ivan Glasenberg, the chief executive of recently-floated Glencore, has defended the $165m dividend payout he pocketed last year.