News

Japan has intervened to weaken the yen for the second time in three months after the currency hit a fresh record high against the dollar.

Standard Life Investments' (SLI) Andrew Sutherland has revamped the £87m Strategic Bond fund by significantly raising his high yield exposure from 15% to 50%.

The redress deal struck by the FSA, Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.

Octopus Investments has bolstered its multi-manager suite with two launches, adding a global absolute return vehicle and an emerging markets fund.

JISAs

Barclays reported Q3 profits rose 5%, beating estimates, despite the sovereign debt crisis hurting investment banking revenues.

Veteran investor George Soros has attacked the lack of leadership at the top of the eurozone and warned the new rescue deal to solve the debt crisis will only last between "one day and three months".

Leading funds and the ABI are working on proposals to prevent newly listed companies from entering the FTSE 100 or other leading indices until after a three-month cooling-off period.

F&C manager Phil Doel adds to holdings in major income-payers like Vodaphone in UK market to support dividend on £441m portfolio.

BP's robust results lifted shares in the oil major last week but provoked mixed reactions as managers debate whether now is the time to buy back in