News

The yen climbed to a post-World War II high against the dollar yesterday, after Europe's debt crisis spurred demand for safe havens.

Fidelity's Anthony Bolton has doubled his holding in banking giant HSBC within his China Special Situations investment trust.

Industry figures have told MPs they fear "turf wars" breaking out between different regulatory bodies, and called for the Financial Conduct Authority (FCA) to be more accountable.

BP's better than expected results lifted shares in the oil major today, but investors and analysts remain divided about whether to overweight the stock.

The UK's Debt Management Office (DMO) has launched what it believes to be the longest dated inflation-linked government bond in the world after unveiling a tranche of 50-year gilts.

US markets opened lower today as investors remained cautious on tomorrow's European summit aimed at solving the sovereign debt crisis.

Philip Gibbs effectively sold out of his gold positions within the Jupiter Absolute Return fund in September, a month which saw the precious metal lose 15% of its value.

Kames Capital has poached three property multi-managers from ING Real Estate Investment Management.

Bank of England governor Mervyn King appeared before the Treasury Select Committee this morning to answer questions on his inflation forecasts and quantitative easing programme.

Swiss banking giant UBS surprised analysts this morning with better than expected profits in Q3 despite the high profile tradng scandal which cost it CHF1.8bn (£1.3bn).