News

J.P. Morgan is expecting investor enthusiasm for gold to hold firm and drive the precious metal to $2,500 by the end of this year.

Sterling was weaker against other major currencies after the Bank of England cut its growth forecast for this year.

Investec's co-head of credit Theo Stamos has left the firm and handed over his responsibilities to other managers.

Legal & General Investments' Richard Hodges has fled to cash and trimmed high yield in a move to protect his £1.8bn Dynamic Bond trust against Lehman-like market conditions.

Castlestone is to wind up its listed funds business, consisting of four portfolios, three of which were suspended earlier this year.

Standard Life Investments saw its third party net inflows fall by 40% in the first half following the transfer of its money market funds, although group-wide AUM edged up.

Bulls triumph over bears, Fed freezes short-term rates, and pension funds take a beating from stock market turmoil...our round-up of the news from the nationals.

The FTSE 100 climbed this morning and Asian and US markets rallied strongly overnight as the Federal Reserve announced it would hold interest rates at close to zero until 2013.

US markets have opened higher after a calmer atmosphere saw the FTSE 100 recover the day's losses.

The Association of British Insurers (ABI) today said it anticipates the cost of nationwide riots to insurers will reach £100m.