News

The FTSE 100 made up some of the ground lost in recent days, gaining over 100 points in early trading, amid talk in Europe of plans to recapitalise the banking system.

US Federal Reserve chairman Ben Bernanke has told Congress the US economy is "close to faltering" and more action may be needed.

Liontrust Asset Management said today it had completed the takeover of Occam but for a much lower price following a fall in assets under management.

SVM's Margaret Lawson, co-manager of the £42m SVM UK Growth fund, selects three stocks for growth in a weak economic environment, and two special cases worth backing.

Equity managers at F&C and Threadneedle are among those to have been adding to Tesco ahead of today's results which showed profits had risen 12.1%.

Ratings agency Moody's has slashed Italy's credit rating, piling more pressure on the beleaguered eurozone.

Peter Baxter, chief executive of Old Mutual Asset Managers UK, has exited the firm to pursue other opportunitues.

VIDEO: ANTHONY BOLTON

J.P. Morgan has decided to close its £9m US Growth Alpha Plus fund as significant outflows have seen the portfolio dwindle in size.

First State Investments' Angus Tulloch is stepping down from position on the board of the Baillie Gifford Shin Nippon trust.