News

Prime Minister David Cameron has left open the door to Britain giving billions of pounds of new support to the International Monetary Fund (IMF) in a move likely to infuriate eurosceptic MPs in his own Conservative party.

Three directors at Paulson Europe, the London-based arm of one of the world's best known hedge funds, have scooped a near £12m payday.

Dexion Capital has poached Tom Skinner from JP Morgan Cazenove to head up its research division.

Prime minister David Cameron has promised shareholders a binding vote on executive pay to try curbing excessive salaries.

Anthony Bolton has lost £1m of his own money in the £570m Fidelity China Special Situations trust in the last 12 months, according to research from broker Collins Stewart.

Fidelity has reduced the annual management charges on its multi-asset range, aligning the fees to 1.25%.

Two of the UK's major tax-payer backed banks are facing three years of further writedowns, according to Barclays Capital analysts.

Credit ratings agency Fitch has cut Hungary's long-term foreign and local currency debt to junk status, following a tumultuous week for the country.

Architas CIO Caspar Rock has predicted 2012 will be another "bumpy year" with rising equity markets until the second quarter, when there could be another sell-off.

The US created more jobs than forecast in December as the country's economy continued to signal it is returning to steady growth.