News

The Bank of England has been forced to cut growth forecasts for the UK to 1% amid fears of a double-dip recession brought on by the eurozone crisis.

Pictet Asset Management was the big winner in this year's Climate Change Investment Awards, being named Fund Management Group of the Year and highly commended in two other categories.

Mark Holden has revamped the Ignis UK Focus fund since taking over last month by cutting all financials exposure, reducing the number of holdings and increasing cash.

Industry figures have urged the authorities to make it tougher for companies to list in the UK, as the FTSE launches a consultation on entry rules.

Rathbone Unit Trust Management is preparing to add another product to its multi-asset range for David Coombs to appeal to the at-retirement market, Investment Week understands.

GOLD

Artemis' James Foster has challenged Germany's appetite to stay in the eurozone in its current form after another tumultuous week of market activity.

US and European markets rallied late Friday as Italian policymakers approved new austerity measures, a move which should help pave the way for a new government.

Aberdeen Asset Management is preparing a global small-cap equities fund for Stephen Docherty, Investment Week understands.

Gilt yields fell to a new record low yesterday as investors sought out safe havens from the eurozone crisis.