News

Portugal has moved a step closer to implementing a €78bn bailout programme after the country's Social Democrats (PSD) won a conclusive victory in the general election yesterday.

John McFarlane, former chief executive of the Australia and New Zealand Banking Group (ANZ), is to become the new chairman of Aviva.

A group of 55 economists believes the Monetary Policy Committee will maintain interest rates at 0.5% this week, as manufacturing and services surveys show the UK economy is slowing.

Barclays has won a long-running legal battle over its actions on the eve of the credit crisis.

Skandia's François Zagamé has revamped the American mandate in his £1bn Global Dynamic Equity fund to give it a greater mid-cap focus.

AEGON Asset Management is mulling the launch of a feeder fund into the AEGON Target Healthcare Property unit trust, enabling retail investors to access it for the first time.

St. James's Place is launching a global equity fund in a bid to diversify assets away from fund manager THS Partners, Investment Week understands.

Old Mutual Asset Managers' Richard Watts is set to invest 10% in secondary listings and AIM stocks to take advantage of the area's strong growth prospects.

Natural gas equities are offering 70% upside from current lows as the soaring price of crude oil boosts demand for gas, according to Investec's Jonathan Waghorn.

Sales director Polin's departure leaves investors questioning future of boutique.