News

Billionaire investor George Soros has warned the eurozone's debt problems could potentially be worse than the Lehman Brothers' collapse due to a lack of leadership on the Continent.

Veteran investor Jim Rogers has criticised the Swiss central bank's move to cap the franc and suggested the Chinese renminbi could be the next safe haven currency.

Anthony Cross and Julian Fosh, the managers of the £134m Special Situations fund, highlight five bargain stocks they have snapped up during the volatility of recent weeks.

Major US indices are trading 1.5% higher as shares follow UK and European markets upwards.

UK output softened in the three months to August, and if the economy weakens further it will pave the way for more QE, according to the National Institute of Economic and Social Research (NIESR).

Newton is to lower the dividend target on Tineke Frikkee's Newton Higher Income fund in light of a "challenging market environment", as the group also moves to merge a number of its UK equity funds.

The FTSE 100 was up sharply mid-morning after a strong session in Asia saw markets claw back much of the losses seen in recent days.

Newly listed oil and gas producer Vallares, led by former BP boss Tony Hayward, is set to merge with Genel Energy International.

First State is set to close Habib Subjally's £5m Global Growth fund at the end of October, as it failed to attract enough assets.

George Osborne has admitted he has had to revise down already weak growth forecasts for the UK, prompting fresh double-dip fears, but insists he is sticking to his austerity plans.