News

Principal Investment Management's latest income study urges investors to switch out of Robin Geffen's £1bn Neptune Income fund, warning its global growth emphasis is likely to disappoint this year.

Britain will avoid a double dip recession and modest growth should restart later this year, according to the CBI.

Five current and former employees of Royal Bank of Scotland's(RBS)investment banking arm have been arrested as part of a wider investigation into tax evasion thought to involve at least two other City banks.

UniCredit SpA (UCG), Intesa Sanpaolo SpA and Banca Monte dei Paschi di Siena SpA (BMPS) are among 34 Italian financial firms downgraded by Standard & Poor's.

Investment trust analysts have warned arbitrage activity will be rife in 2012 and could lead to a number of wind-ups in the sector this year.

The FTSE 100 had fallen from its six-month high by mid afternoon, with investor sentiment taking a knock from the latest stumbling block in the Greek debt talks.

Ratings agency Standard & Poor's has downgraded Egypt's credit rating further as the ongoing upheaval in the country continues.

Invesco Perpetual's Neil Woodford has revealed he sold out of his Tesco holding after the firm's profit warning last month, just as veteran investor Warren Buffett was snapping up the stock.

Barclays shares shrugged off a larger than expected fall in profits this morning and a downbeat market to climb over 4% in early trading.

Ignis Asset Management's parent company Phoenix has ended takeover discussions with private equity company CVC Capital Partners after a disagreement on price.