News

The FTSE 100 has fallen as much as 3.5% as fresh eurozone concerns pushed the index down to the 4,900 mark.

AXA IM has launched the AXA WF Framlington Natural Resources fund, a global equity offering managed by Sebastien Lagarde and Olivier Eugene.

Dalton Strategic Partners' Melchior European fund, managed by Leonard Charlton, has been hard-closed at $100m.

The FTSE 100 has fallen a further 2.7% in early trading after the S&P 500 closed under 1,100 for the first time since September 2010.

UK business managers are preparing for a double-dip recession and also warn the private sector will fail to replace jobs lost to public sector cutbacks.

China has warned of a possible trade war as the US Senate voted in favour of debating laws which could pressure it to let the renminbi rise.

AXA Investment Managers has strengthened its offshore proposition with the launch of its third absolute return offering.

Economists have predicted the MPC will leave the UK's base rate at 0.5% this week, despite mounting speculation it may slash it to 0.25%.

The Financial Services Authority (FSA) has restarted its review of Financial Services Compensation Scheme (FSCS) funding, with a view to formally consult in the first half of 2012.

Standard & Poor's has maintained its AAA long-term credit rating for the UK and said the outlook remains stable, while warning GDP will be lower than forecast for the next three years.