News

European markets have fallen further into the red in mid-morning trading on the back of recessionary fears, with the FTSE 100 suffering triple-digit losses.

Argonaut Capital Partners has confirmed it will split off from Ignis Asset Management, with Ignis retaining a 40% stake in the boutique.

The UK government is understood to be prepared to shoot down proposals for a financial transaction tax being mooted by Germany and France.

Shareholders in the £38.5m Thames River Credit Select fund have voted to allow the manager to increase exposure to emerging market debt by up to 40%.

Henderson is to close the offshore version of Charlie Awdry's China Opportunities fund following a redemption from a significant shareholder.

Dominic Rossi, CIO of equities at Fidelity, said shares across the globe were now trading back near credit crunch lows, leaving them looking their most attractive for 20 years.

Threadneedle is to alter its managed funds' investment policy by allowing managers to make more defensive plays and invest more heavily in its long/short offerings.

Jonathan Polin is to join Ashcourt Rowan as group CEO on 2 September.

Sterling dropped against the dollar after the latest MPC minutes revealed no calls for a UK rate hike and opened the door to further QE.

Warren Buffett has revealed he has exploited recent sell-offs to buy up cheap stocks.