News

HSBC European Growth manager Nick Dowell is continuing to overweight European banking stocks, suggesting it may not be possible to kick Greece out of the eurozone.

Castlestone has confirmed it will wind down its UK business and axe a number of jobs.

F&C's Ted Scott has called on the Monetary Policy Committee (MPC) to abandon plans for QE2 and buoy the economy using fiscal measures.

Henderson Global Investors' £519m Bankers Investment Trust has boosted exposure to oil majors, taking the view the sector has been hit too hard in the downturn last month.

The FSA today said it "welcomed" the government's intention to give regulators new powers to publicise when a warning notice has been issued against a firm, but claimed the powers do not go far enough.

The Dow Jones has opened slightly down, following a day of volatile trading in Europe.

Improving returns for shareholders is the only way Alliance Trust will substantially reduce its discount, analysts have warned.

The pound rebounded today after falling to a year low versus the US dollar yesterday in the wake of the Fed's latest stimulus measures.

Speaking at a press briefing in Hong Kong last week, two leading Asia-based economists gave opposing views on the future of the Chinese economy, equity market and property sector.

Baillie Gifford's High Yield manager Donald Phillips has been boosting exposure to Greek cororpate bonds to take advantage of the sky-high yields on offer.