News

The FTSE has opened 0.8% higher, building on yesterday's 3.2% rise, as markets hope policymakers are moving to combat the eurozone crisis.

Prime minister David Cameron has appealed for Britain to emulate the optimism seen in emerging economies such as China and India instead of being overwhelmed by the onslaught of negative data.

Steve Jobs, co-founder and former chief executive of US technology giant Apple, has died at the age of 56.

OMAM's Stewart Cowley has said the global bond market is in the last throes of a rally, even as the Federal Reserve looks to cut yields via Operation Twist.

US markets dropped on the opening bell as investors braced for three sets of unemployment data including Friday's September non-farm payroll figures.

Prudential executives are set to be interviewed in the coming days as part of an FSA probe into the insurance giant's failed takeover bid for AIA.

Funds under management (FUM) at UK fund groups rose by 17% to a record £4.8trn in 2010 but the value of retail funds has fallen back in 2011, according to a report from TheCityUK.

Philip Gibbs is to step down as deputy manager of the Jupiter Financial Opportunities fund and manager of the Jupiter International Financials fund on 31 October.

The UK economy grew at just 0.1% in the second quarter,lower than previously expected, the Office for National Statistics has revealed.

Former Gartmore fund manager Guillaume Rambourg is set to launch his own hedge fund venture in Paris, without ex-colleague Roger Guy, according to reports.