News

A former minister for Europe has urged the government to attach "health and safety" warnings to promotional material that encourages businesses to invest in Russia.

The Attorney-General has called for the first inspection of operations at the Serious Fraud Office(SFO).

Allianz Global Investors is to rename its onshore and offshore fund ranges in a move which will see it scrap the RCM brand it acquired a decade ago.

Wealth manager Raymond James today won what may prove to be a landmark court case against rival Towry, which had accused seven Raymond James advisers of unlawfully soliciting its clients.

Henderson is to convert its £568m Higher Income fund into a global equity offering, Investment Week understands, as part of a major overhaul of its fund range.

The embattled Greek economy shrunk by 7% in the last quarter of 2011, as fiscal and political crises ravaged the region.

Henderson Global Investors has proposed moving Paul Craig's Diversified Absolute Return fund into the newly created IMA Mixed Investment 0-35% shares sector, while bringing in Bill McQuaker as co-manager.

CPI inflation dropped from 4.2% to 3.6% In January, according to the Office for National Statistics, as 2011's VAT rise comes out of the year-on-year numbers.

Yields on UK gilts jumepd in early trading as investors reacted to the threat of a possible downgrade of the UK's AAA rating.

Markets have slipped into the red in early trading as Moody's negative outlook for the UK's AAA credit rating weighed on sentiment.