News

Sterling has dropped sharply against the euro after data showed manufacturing growth fell to the lowest level in almost two years.

Nervous markets were further soothed yesterday as Greek MPs passed a law to implement strict austerity measures in a second round of voting.

US Treasury secretary Tim Geithner is considering exiting the administration after the government negotiates the country's borrowing limit, reports the FT.

BlackRock's Evy Hambro has backed the recent trend of strong dividend growth among gold miners to continue off the back of soaring gold prices.

Scottish Widows Investment Partnership (SWIP) has announced plans to close five of its oeics, including two funds run by the group's head of European equities, Steven Maxwell.

Schroders' head of UK equities Richard Buxton said there are opportunities in the UK retail space despite the challenging year for the high street, thanks to depressed valuations.

The European Central Bank has indicated it will raise interest rates for a second time in four months at next week's meeting.

Barings has added an emerging markets multi-asset fund to its range for head of multi-asset Percival Stanion.

Global markets surged this morning following yesterday's green light for Greece's five-year austerity plan.

The IMF has urged the US government to raise its debt ceiling to avoid "global repercussions" for financial markets and a debt "shock".