News

M&G Investments bond manager Richard Woolnough has revealed he is currently favouring US treasuries over gilts, as the latter are already priced for more quantitative easing.

Goldman Sachs has reported a 58% drop in net income for the fourth quarter of 2011 but its shares opened higher today as the figures beat analyst expectations.

The Financial Services Authority (FSA) should as a matter of urgency retract its references to traded life policies (TLPs) as "toxic", said EEA Fund Management.

Peter Elston has taken on the newly-created role of head of Asia Pacific strategy and asset allocation on Hugh Young's Singapore-based team.

ETFs

Threadneedle has launched a Luxembourg-domiciled European Absolute Alpha fund for pan-European equity manager Paul Doyle.

UK unemployment rose by 118,000 in the three months to November to 2.69 million, the highest level since 1996.

The World Bank has warned developing countries to prepare for the "real risk" of the deepening eurozone crisis tipping the world into a post-Lehmans style recession.

The FTSE 100 opened lower this morning despite recent positive economic data, as rumours of a Fitch downgrade of Italy weighed on markets.

Yahoo! shares look set to rise when Wall Street opens today following the resignation of co-founder Jerry Yang.