News

Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.

Former New Star CIO Theo Zemek revealed in yesterday's tribunal the atmosphere was so poisonous under John Duffield's regime that she was petrified her mobile phone would be "impounded".

Global markets were spooked by Spanish bond yields spiking to near-critical levels, with many indices posting losses of more than 1% overnight, and the FTSE 100 opening 1% lower this morning.

A meeting in Berlin between David Cameron and German Chancellor Angela Merkel will be dominated by the European debt crisis, but is expected to also tackle the concept of a tax on financial transactions - known as the Tobin Tax - on which the two nations...

Germany has drawn up plans that would see Britain relegated to a group of countries which would not be part of the core of a new European Union, according to reports.

Former New Star head of fixed income Theo Zemek today told of the "appalling" atmosphere at New Star, under former CEO John Duffield.

Bill Miller, chairman and chief investment officer of Legg Mason Capital Management, is to step down and cede his multi-billion dollar Value Trust to Sam Peters.

Theo Zemek, the former CIO of New Star, will be allowed to appear on behalf of Patrick Evershed during his tribunal for unfair dismissal against New Star.

Spain became the new Italy this morning after the yield on bonds it sold at auction reached a 14-year-high of just under 7%.

Barings is to add to its Asian equity fund range with an Indian product for recent hire Ajay Argal.