News

Commodities giant Glencore today said it is not mulling a bid for peer ENRC.

Two of the banking industry's biggest names were paid more than fifteen times their 2009 earnings last year, analysis suggests.

The government is set to force banks to ring-fence their retail operations from investment banking.

James Gledhill has left Henderson Global Investors after being made redundant, Investment Week understands.

The FSA has stressed its preference for product intervention as an "essential" means of achieving consumer protection.

May's UK inflation reading remained unchanged from April, official figures have shown, giving Bank of England governor Sir Mervyn King some respite.

Henderson Global Investors has increased its holding in rival Liontrust Asset Management, taking its position in the asset manager to more than 11%.

Chief executive Tim Woolley has revealed the group will be looking to expand its offering in the hedge fund space over the next 12 months.

Greece's credit rating has been cut to the lowest level of any nation after Standard & Poor's warned that the danger of a default by the country has risen significantly.

The International Monetary Fund (IMF) has shortlisted French finance minister Christine Lagarde and governor of the bank of Mexico Agustin Carstens for the top job as managing director.