News

Fidelity's Sanjeev Shah, manager of the group's £2.7bn Special Situations fund, said UK share prices look their most attractive for two years following the sell-off in markets.

Advisers have rushed to income-generating funds amid recent market turbulence, according to FundsNetwork sales figures.

Innes McKeand has left his post as head of equities at Aegon Asset Management to move to Australia.

Analysts are underestimating the extent of the problems facing the banking sector, in a scenario reminiscent of the collapse of Lehmans, said Colin McLean, managing director of SVM.

Finnish prime minister Jyrki Katainen has threatened to withdraw support for the Greek bailout unless granted security for its loans in the form of collateral, the Telegraph reports.

Asian markets are trading lower as investors weigh up hopes of further action by the Federal Reserve against Moody's downgrade of Japan.

Fidelity is to rename its top performing UK Opportunities fund to better reflect its investment policy.

All criminal charges against former IMF head Dominique Strauss-Kahn were dropped in a New York court on Tuesday, following accusations of a sexual attack on a hotel maid.

Credit rating agency Moody's has downgraded Japan's sovereign debt rating by one notch, saying weak political leadership has hampered growth.

Invesco's chief international economist John Greenwood said Chinese inflation is set to remain in the 4% to 6% range unless the authorities move to tighten policy.