News

Markets on Wall Street opened higher for the fourth consecutive session as speculation the Federal Reserve is to take more action to stimulate the US economy continued to buoy investors.

A lawyer representing about 2,700 investors in the suspended Arch cru funds said today's letter from Capita detailing possible offers they could receive only created "more confusion not clarity".

Prudential is set to merge its Income trust into the M&G Dividend fund as part of a wider range of fund consolidations, creating a £1bn portfolio.

The FTSE 100 was enjoying a second consecutive day of gains on Wednesday as investors pushed the index to a two-week high.

Fidelity has converted Michael Clark's top performing Income Plus fund into its MoneyBuilder range, scrapping the initial charge on the product.

Argonaut Capital Partners has appointed Edward James as chief operating officer as the boutique becomes more independent from Ignis.

Fidelity FundsNetwork is disclosing its fund manager fees as it looks to create a more transparent market and prove its pricing policy is free from commercial bias.

The FSA is set to publish its first "health alert" shortly to warn about risky financial products, in a bid to halt the stream of mis-selling scandals.

David Stevenson, co-founder of Ignis Asset Management joint venture Cartesian Capital Partners, is set to leave the firm at the end of the year.

Charles Evans, a leading Federal Reserve policymaker, has called on Ben Bernanke to issue further monetary stimulus as inflation higher than the 2% target would not be a "catastrophe".