News

Goldman Sachs has upgraded BSkyB to a buy rating, saying the 14% drop in its share price since Thursday has produced an ‘attractive entry point'.

The Cautious Managed sector remains at the top of the leaderboard on the Cofunds platform, taking 32% of net sales in June.

Parmenion has created a range of seven risk-graded multi-asset funds in collaboration with Frontier Investment Management.

Crispin Odey has taken his stake in BSkyB to its "highest level" ever, according to Odey CEO David Stewart, as the broadcaster's share price continues to fall.

Dalton Strategic Partnership has hard-closed its Melchior Selected Trust European Absolute Return fund at $600m, just a month after the vehicle was soft-closed at $500m.

Citigroup and Scotia Capital have predicted a 0.2% contraction in GDP growth for the second quarter, renewing fears of a double-dip recession in the UK.

Hector Sants, the current chief executive of the Financial Services Authority (FSA), and Bank of England governor Mervyn King have been named among the most influential people in the European capital markets.

Rupert Murdoch's takeover of BSkyB appeared to be dead in the water last night following allegations executives at his British newspaper empire mounted a cover-up of the full scale of criminal activity at the News of the World.

Senior European Union (EU) officials are set to meet later on Monday to discuss the eurozone's continuing debt woes.

GLG has bought its flagship European long-short hedge fund, managed by GLG co-founder Pierre Lagrange, to the UK market.