News

Legal & General Investment Management's top performing bond manager Richard Hodges is preparing his £1.8bn Dynamic Bond trust for more pain and heighted volatility to come next year.

Heavy selling of the euro saw it tumble through the $1.30 mark versus the US dollar late this morning, to its lowest level since early January.

UK unemployment rose by 128,000 in the three months to October to 2.64 million, the highest level since 1994.

The FTSE Group is to raise its minimum free float requirement for companies listing in the UK from 15% to 25% after a market consultation.

MAM has unveiled plans to revamp its Midas Income & Growth trust, headed up by the group's chief investment officer Alan Borrows, which will see the trust cut its dividends.

Sir Fred Goodwin could face criminal charges after the FSA's report into the collapse of the Royal Bank of Scotland (RBS) suggested the bank's directors broke Britain's accountancy laws.

Markets around the world closed down overnight as further signs European leaders will fail to agree a new treaty emerged.

Bank of England chief economist Spencer Dale has predicted inflation will fall to around 3% early next year and is confident the latest round of quantitative easing will prop up the economy.

The Federal Reserve has opted to leave monetary policy unchanged and continue with Operation Twist at least until the new year, amid signs the world's largest economy has been expanding.

Standard Life Investments' Euan Munro, head of multi-asset investing and fixed income, has outlined the key trades the group's £8.8bn Global Absolute Return Strategies (GARS) fund is set to make next year.