News

MAM Funds has promoted analyst Mark Wright to deputy manager of the CF Midas Balanced Growth fund, lead managed by Simon Callow.

UK consumer price inflation fell from 4.5% in May to 4.2% in June despite food prices remaining high.

Invesco Perpetual's Andrew Shard, who heads up the group's £351m US Equity fund, has left the firm.

All major global indices posted substantial losses in early trading over growing concerns the debt crisis in the eurozone may spread to Italy and Spain.

A solution to the Greek crisis may be delayed until September after European finance ministers failed to reach an agreement on the terms of the fresh bailout.

Italian and Spanish bond yields have cooled in early trading after yesterday hitting their widest spread over German bunds since the inception of the euro.

Billionaire investor George Soros has warned a Greek default is "inevitable", and EU leaders must adopt a plan B to stem contagion to the rest of Europe.

European leaders last night bowed to the inevitable and conceded Greece is likely to default on its massive debt burden, which would be a first among the 17 countries using the euro, according to reports.

US pension funds and other institutional investors have filed an amended complaint alleging "rampant nepotism" and "failed corporate governance" at News Corp in light of the ongoing British phone hacking scandal.

The British Chambers of Commerce (BCC) has warned the UK economic recovery will remain fragile until the government places a greater emphasis on private sector growth.