News

The FTSE 100 is down 1.2% and US markets have also opened lower as investors' hopes for a positive outcome from Friday's EU summit begin to dwindle.

Thames River Capital is set to close its Luxembourg domiciled £3m Multi-Select fund, run by multi-manager duo Garry Potter and Rob Burdett.

Kames Capital's head of UK equities Stephen Adams has predicted UK plc could see negative earnings in 2012, undershooting consensus forecasts by 15%.

Goldman Sachs Asset Management chairman Jim O'Neill said BRIC investors are on tenterhooks waiting for this week's EU summit, as progress on solving the debt crisis will boost appetite for eurozone debt.

Chancellor George Osborne has announced the 2012 Budget will be held on Wednesday 21 March.

So the battle of the investment heavyweights - Evershed versus Duffield- ended not in a TKO, but more of a whimper. I for one am a bit disappointed.

The fund management industry has been avidly following every twist and turn of the Patrick Evershed versus New Star fight over recent weeks.

Brazil's economic growth slowed in the third quarter of 2011 as the impact of the crisis in Europe and the slowdown in global growth impacted the region.

Today's oil price is a risk to global economic growth, particularly in the US, said BP chief executive Bob Dudley.

Asian markets rallied overnight as Moody's mulled raising the ratings of some Asian countries, while investors pinned their hopes on an EU summit to solve the debt crisis.