News

Invesco Perpetual's Paul Chesson has admitted to some "errors of judgement" which have caused his £289m Japan fund to underperform for the past 18 months.

Barings' multi-asset team has bought £350m in Italian government bonds in the expectation European banks will use the ECB's Long Term Recovery Organisation (LTRO) to buy government debt.

Facebook's long-anticipated initial public offering will see it look to raise $5bn in a listing expected to value the company at up to $100bn.

AstraZeneca, a stalwart of many income portfolios including Neil Woodford's, has said it will raise its dividend by 10% despite sounding an earnings warning for 2012.

Glencore and Xstrata are in advanced talks about a $80bn merger that could reshape the mining industry.

A UK bond trader has pleaded guilty to overstating the value of mortgage-backed bonds when working at Credit Suisse at the start of the financial crisis.

PIMCO's Bill Gross has warned as US interest rates head towards zero, they could be a regressive influence on the economy and may kill rather than create credit.

Eclectica Asset Management's Hugh Hendry has cut his exposure to gilts as yields have fallen to their lowest ever level in recent weeks.

The UK's public finances face a funding shortfall of £114bn despite moves by the government to curtail spending, a leading economic thinktank has warned.

Stocks received a lift in afternoon trading as social networking giant Facebook prepares to make what could be one of the largest market debuts in history.