News

Glencore has given no sign of adjusting the terms of its Xstrata takeover offer as it reports a 7% rise in full-year profit despite numbers slumping in the second half of 2012.

BNY Mellon has launched an Emerging Markets Corporate Debt fund to tap into what it sees as the next major structural development in emerging market investing.

The €1trn in cheap loans provided by the ECB since December is expected to be only the start of a wave of liquidity measures that store up problems for the eurozone.

Alliance Trust chief executive Katherine Garrett-Cox has admitted the company needs to drive up demand for its shares in order to reduce its discount.

UK dividend growth will disappoint in 2012, undershooting forecasts, investment trust manager Charles Luke has warned.

Aberdeen is taking on the management of two emerging market Credit Suisse funds, which will be merged into existing offshore portfolios run by Devan Kaloo and Brett Diment.

The British Chambers of Commerce has cut its forecast for UK GDP growth for 2012 and has called for the government to announce a modest fiscal stimulus should public sector borrowing come in under target for 2011/12.

Anthony Nutt and John Hamilton are to step down as co-managers of the £250m Jupiter Distribution fund after a decade of service as the group promotes two rising stars.

Vladimir Putin has claimed a resounding victory in Russia's presidential election, provoking a furious response from opposition activists who alleged the vote was marred by widespread fraud.

George Osborne is preparing to alter plans to strip some middle income families of child benefit ahead of a House of Commons debate on the issue.