News

Kames Capital has increased the annual management charge on its £485m High Yield Bond fund from 1% to 1.25%.

UK GDP for the third quarter has been revised up by 0.1% to 0.6%, the Office for National Statistics (ONS) announced this morning.

Madrid-based hedge fund Vega Asset Management has threatened to take legal action against officials negotiating Greece's debt restructuring if its bond losses turn out to be too deep.

Liontrust's Eoghan Flanagan has urged Chinese policymakers to accelerate monetary easing by the end of the year in order to help boost a slowing economy.

New Star founder John Duffield has hit back at claims made during Patrick Evershed's sensational employment tribunal in an open letter.

Investment veteran Jim Rogers has branded US treasuries as the one of the last remaining asset bubbles left in the world.

Markets have struggled to gain further ground after the European Central Bank announced it had lent almost €500bn to banks in a three-year liquidity operation.

Members of the Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold rates at their historic low and maintain the quantitative easing (QE) programme at £275bn - but they indicated more QE could be on the way.

Investec has told dozens of staff their jobs could be at risk via text message as part of a series of cut backs coming as it takes over Evolution, according to reports.

Ratings agency Moody's has warned the UK's prized AAA rating is at risk from the eurozone crisis despite the austerity measures taken to help retain its current status.