News

Hedge fund guru George Soros believes three bold steps need to be undertaken to stave off the threat of the world entering a second great depression.

UK and European indices have opened 1% lower as markets look set to post bigger quarterly slumps than at the height of the Lehmans crisis.

Invesco Perpetual has announced Paul Boyne and Doug McGraw will take over Bob Yerbury's role as managers on the Invesco Perpetual Select investment trust.

Neil Woodford has helped initiate a boardroom overhaul at claims handler Helphire, ousting former Tory leader Michael Howard after the company posted a series of disappointing results.

Lord Adair Turner, the head of the FSA, last night launched an outspoken attack on the banks, claiming their ability to create credit and money is ‘potentially dangerous'.

Spanish banking giant Santander has warned investors profits at the bank are likely to fall in 2012 and 2013 as the bank pumps millions into improving customer service levels.

Retail investors moved back into equities but exited absolute return funds in August as markets endured their worst month since 2009.

German MPs have voted in favour of increasing the country's commitments to the European Financial Stability Facility as part of an expansion of the bailout fund.

Schroders has promoted Rob Hall to head of multi-manager and handed him co-manager responsibilities on a trio of funds.

The FTSE 100 was lower mid-morning as investors waited nervously for a crucial vote in Germany on the expansion of the European Financial Stability Facility (EFSF).