News

ExxonMobil has formed an Arctic exploration partnership with Russian state oil company Rosneft, in a strategic coup over rival BP.

Business secretary Vince Cable said UK banking reforms will go ahead despite criticism from industry leaders the plans threaten the economic recovery.

Artemis has hired former M&G fund manager Rosanna Burcheri to run its newly launched Global Select fund alongside Simon Edelsten and Alex Illingworth.

Morningstar has ditched the absolute return category from its sector classifications, saying too many funds in the space have failed to produce a positive return.

US markets have opened lower, with the S%P 500 losing ground initially as investors await consumer confidence data.

Alexander Krapivko, manager of the newly launched Renaissance Russian Equity Allocation fund, will be among the speakers at Investment Week's exclusive Rising Stars event on 7 September in London.

BlackRock's Mark Lyttleton has entered Bestinvest's infamous list of "dog funds" after underperforming the benchmark consistently on both his £1.4bn UK Dynamic fund and £541m UK fund.

Investment banks believe the FTSE 100 will end the year above 6,000 points - despite the turmoil of recent weeks, according to a new survey.

PIMCO bond fund manager Bill Gross has acknowledged he made a mistake in betting so heavily against US government bonds earlier this year.

The FTSE 100 has opened 3% higher after the Dow Jones added 250 points overnight, with financials leading the surge.