News

Demand for gold ETFs fell to a seven-year low in 2011 even as overall investment demand for gold hit a 14-year high, according to the World Gold Council.

The Financial Services Authority (FSA) has fined a former managing director at Merrill Lynch International for disclosing inside information about Punch Taverns prior to its 2009 rights issue.

Ratings agency Moody's has warned it may cut the credit ratings of 17 global banks and 114 European financial institutions as strains on the financial system increase.

M&G Investments' bond manager Richard Woolnough has backed gilts to shrug-off Moody's downgrade warning released earlier this week.

Axa Wealth has seen assets under management climb to almost £19bn in 2011 despite the turbulent market.

First State Investments has created a brand to differentiate its emerging markets arm, run by Angus Tulloch and Stuart Paul.

Greek politicians have accused European leaders of trying to force the indebted nation out of the euro after triple-A rated governments threatened to postpone elections and install a technocratic government.

Nucleus is launching a white label, execution-only platform in Q3 which will help advisers build and market a direct wrap proposition for clients.

The price of Brent crude hit a six-month high last night amid fears Iran had halted exports to Europe.

Oriel Securities has named the top ten highest yielding equity-focused investment trusts for investors hunting for income.