News

The UK has a seven-in-ten chance of slipping back into recession unless European leaders can find a resolution to the debt crisis, a new report argues.

Aberdeen Asset Management has launched an additional multi-asset fund for Mike Turner with a bias towards emerging markets.

Skandia UK has announced a 5% fall in net inflows and funds under management for the first nine months of the year - but said it had outperformed wider industry trends.

Paul Spencer, manager of the Franklin UK Mid Cap fund, has initiated a holding in New Britain Palm Oil - the fund's first ever investment outside the FTSE 250.

Standard Life Investments' £8.7bn Global Absolute Return Strategies fund took profits in one of its major trades amid elevated market volatility over the summer.

Aberdeen Asset Management has moved to make its Infrastructure fund more exposed to emerging market listed companies as part of an overhaul of its offshore range.

US shares moved higher at opening having seen heavy falls Tuesday, as positive jobs data boosted prices.

Kames Capital's Phil Milburn said Greece should be forced to leave the euro and Portuguese and Irish defaults pushed through as he outlines his solutions for the eurozone debt crisis.

The Financial Services Compensation Scheme (FSCS) looks set to stump up $10m to allow a controlled liquidation of Lifemark after the other main contender for a rescue of the fund pulled out.

Fidelity's star bond fund manager Ian Spreadbury has warned some parts of the bond markets are under more pressure than during the height of the credit crunch.