News

Equity markets are spiking after US non-farm payrolls data revealed the economy added 243,000 jobs last month - far above consensus expectations.

Aberdeen Asset Management is moving to limit inflows into its EM fund range, including Devan Kaloo's £6bn Global Emerging Markets Equity and £2.7bn Emerging Markets funds.

Britain's dominant services sector grew at its fastest pace in 10 months in January, reflecting a more optimistic company view, the Markit/CIPS Purchasing Managers' Index (PMI) showed.

A sharp contraction in the eurozone economy and further ECB intervention could put more pressure on the euro this year, said Philip Gibbs, manager of the £711m Jupiter Absolute Return fund.

The FSA has begun a formal enforcement investigation into the rogue trade losses revealed by UBS last September.

Punter Southall has taken full control of PSigma Asset Management, taking over a 50% stake from the boutique's founders.

The Walker Crips Group has seen its shares fall almost 15% after it issued a profits warning following a drop in AUM.

China has pledged to step in to help resolve the eurozone debt crisis through getting more deeply involved in the EFSF.

Facebook's value rose to $123bn in grey trading yesterday as it prepares for a $5bn float later this year.

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