News

M&G bond star Richard Woolnough has built up the largest exposure to high yield across his three bond funds since he started at M&G in 2004.

The Bank of England has kept interest rates at their record low level of 0.5% following the latest meeting of the Monetary Policy Committee (MPC).

The FTSE All Share's quarterly review has relegated private equity and venture capital firm 3i Group to the FTSE 250, leaving no investment companies in the FTSE 100 for the first time since 1994.

Bondholders who lost money in the Icelandic banking crash are poised for a legal battle with UK councils to renew their right to claim back £5bn they lost, the Telegraph has reported.

Platform giant Cofunds has asked fund groups to commit to developing commission-free share classes by November as it moves to align itself with RDR.

AXA Investment Managers has expanded its suite of bond funds with the addition of the Europe Short Duration High Yield fund.

Business leaders are urging the Bank of England (BoE) to pump in a further £50bn to its quantitative easing programme, ahead of the Monetary Policy Committee's (MPC) decision on interest rates.

UK shares were muted at the open, failing to take advantage of yesterday's 3% rise in the S&P 500.

Kames Capital is launching an absolute return fund for Stephen Snowden and Colin Finlayson, its first new offering since its rebrand from AEGON Asset Management.

Anthony Bolton's £674m Fidelity China Special Situations fund has made its first share buyback since listing on the London stock exchange fifteen months ago.