News

The UK is already back in recession and will not see any interest rate rises until at least 2016, according to economic thinktank the Centre for Economics and Business Research (CEBR).

The financial crisis engulfing the eurozone took a fresh twist on Friday after Standard & Poor's cut the credit rating on nine eurozone countries, including France's prized AAA, and Greece's debt talks collapsed without agreement.

Standard & Poor's has downgraded the credit ratings of a raft of eurozone nations including Italy, Spain and Portugal as well as stripping France and Austria of their AAA status.

Talks between Greece and private sector bondholders have collapsed, with the two parties failing to reach agreement over the country's debt restructuring.

The chief executive of Invista Real Estate Investment Management and three of his team have joined Schroders' property funds arm.

Professional Adviser is proud to announce the return of CPD-accredited investment roadshow fund5live, which has been developed exclusively for the UK's investment advisers.

Veteran investor Jim Rogers said he is sceptical about the prospects for the US economy this year despite a recent string of positive economic data from the country.

Equity returns were poor in 2011 during a rollercoaster year for markets, but there were a number of bright spots in the alternative investments space.

Fund management groups struggled to raise assets for new products last year, with just eight funds launched in 2011 taking in more than £100m, according to FE data.

A number of top fund managers took a hit on their portfolios this week as retail favourite Tesco issued a profits warning, sending its shares down 16% in a day - the largest fall since 1988.