News

Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m.

Investec's Mark Lacey and Jonathan Waghorn have said energy equities in the E&P sector are showing "extreme value" as shares discount M&A prospects and price in a global recession.

German growth lurched sharply lower in the second quarter of 2011, piling more pressure on the eurozone and sending shares in the UK lower in early trading.

Japan's economy performed better than expected in the second quarter, indicating relative resilience in the aftermath of the Tohoku earthquake.

Sales of funds of funds reached record highs in the first half of 2011, the Investment Management Association (IMA) has said.

LV= Asset Management said it expects to see some staff redundancies as it finalises its deal to outsource the management of its funds to Threadneedle.

Berkshire Hathaway's Warren Buffett has said the US government should immediately raise taxes on high earners to aid the economic recovery.

Polar Capital is to launch a North American equity fund for ex-Threadneedle duo Andrew Holliman and Richard Wilson, mirroring the successful offering they managed at their former employer.

The Invesco Property Income trust is proposing to change its investment objective as it seeks to dispose of assets prior to a planned winding up of the company.

Both Germany and France have ruled out common eurozone bonds as a solution to the bloc's debt crisis, the FT has reported.