News

Speaking to investors today following the six-month results of his Fidelity China Special Situations trust, Anthony Bolton explained why the trust has struggled, with net asset value falling 29% over the six months to 30 September.

Sesame Bankhall Group is joining forces with Henderson Global Investors to launch an investment company.

Bob Jolly, head of global macro at Schroders, has said Germany "loves" being part of the euro and suggested neither Greece nor Italy would exit the single currency for fear of the consequences.

Italy sold €3bn of five-year bonds, the maximum target, at the highest yield in more than 14 years as Mario Monti seeks to form a new government.

GLG has launched a Strategic Bond fund for Christophe Akel, who also runs the group's Global Corporate Bond fund.

Legendary investor Anthony Bolton has said his optimism on China has been "severely tested" after the sell-off in September hammered share prices, while his trust saw its NAV fall 29% over the last six months.

Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March.

Europe's €1trn rescue fund has been forced to deny it bought some of its own debt following a report over the weekend that investors have rejected its bonds because of the worsening European debt crisis.

European markets were slightly positive in early trading as new Prime Minister Mario Monti prepares to form a new government to lead the stricken country out of its debt crisis.

L&G has made an approach for Cofunds, in which it has a 25% stake, in a deal which could value the supermarket at up to £200m, according to reports.