News

Chinese and Indian policymakers have promised to take action to boost economic growth on deepening fears emerging economies will suffer a hard landing.

The eurozone faces a "mild" recession in the first half of next year, restricting full-year economic growth in the region to just 0.1%, according to Ernst & Young.

Phil Wagstaff is leaving his role as chief executive of Skandia Investment Group, just two weeks after joining, to become global head of distribution at Henderson Global Investors.

Schroders' star stockpicker Richard Buxton has apologised to investors in a conference call after his fund plunged down the rankings this year.

The FTSE 100 was trading 1.8% lower at 3pm as US markets slipped at the open following a poor Italian debt auction and signs of division re-emerging among eurozone leaders.

Britons rank second in a list of non-US nationals most keen to tip America's regulators off about suspected financial crime, according to the first annual report on the Securities & Exchange Commission's whistleblower programme.

Lloyds Banking Group CEO António Horta-Osório is to return as group chief executive on 9 January 2012 after a period of medical leave.

Invesco Perpetual's head of investment Neil Woodford said his favoured defensive blue chip names have recently delivered some confident trading updates, despite tough macroeconomic conditions.

William Littlewood's £910m Artemis Strategic Assets fund has initiated positions in battered retailers HomeServe and Home Retail Group in the belief their share price falls are overdone.

Resolution founder and chairman Clive Cowdery has bought a further stake in the consolidation vehicle.