News

Skandia Investment Group (SIG) has awarded mandates on its UK Best Ideas and Global Best Ideas funds to Artemis' Global Growth manager Tim Steer.

Letters sent out by Her Majesty's Revenue and Customs (HMRC) informing people they have paid too little tax could be based on inaccurate figures, an accountancy firm has warned.

Internet giant Google saw shares plunge last night after its latest earnings update disappointed investors.

Thames River multi-manager duo Gary Potter and Rob Burdett said although events in the eurozone crisis is weighing on market sentiment, several indicators suggest it will not be as severe as 2008.

Prime minister David Cameron has warned former Royal Bank of Scotland chief Sir Fred Goodwin may be stripped of his knighthood.

Bank of America shares surged almost 6% on the opening bell on Wall Street after the bank posted net income of $2bn for the fourth quarter of 2011, despite its investment banking arm booking a loss.

Invesco Perpetual is launching a Global Financial Capital fund, managed by co-heads of fixed income Paul Causer and Paul Read alongside CIO Nick Mustoe, to tap into long term structural reform of the financials sector.

Gilt yields have fallen to another record low as investors' appetite for UK debt remains strong amid eurozone woes.

SWIP's Mike McNaught-Davis has temporarily taken over responsibility for the SWIP European Income fund as co-manager Steven Maxwell takes extended sick leave.

Warren Buffett's Berkshire Hathaway has increased its stake in Tesco to 5.1% after buying on weakness last week.