News

The Office for Budget Responsibility has revised public sector net borrowing forecasts even as Chancellor George Osborne proclaims the effect of falling gilt yields.

James Murdoch has been re-elected as chairman of beleaguered media group BSkyb despite calls from fund management groups for his resignation.

Chancellor George Osborne has slashed his growth forecast for the next few years but says the UK is unlikely to slide into recession.

AMR Corp, the parent company of American Airlines, has filed for bankruptcy after it failed to cut costs via new contracts with workers.

The yield on 10-year Italian bonds has risen to 7.56% following the country's latest bond auction, which raised €7.5bn, just below its target.

Last month equity funds in the IMA sectors saw their largest monthly outflow since October 2008, the peak of the financial crisis.

Investors should ready themselves for a stronger gold price correction, said investment veteran Jim Rogers.

Japanese bank Nomura has slashed assets linked to Italy by 83%, among other cuts, on debt crisis fears, Bloomberg reports.

The European equity fund market has nearly halved in size since 2007, slimming down to €314bn in assets under management at the end of September 2011, according to a Fitch report.

Brooks Macdonald Asset Management has bolstered its UK equity capabilities with the hire of ex-New Star manager Toby Thompson.