News

A financial adviser has reported Legal & General to the FSA over claims it misrepresented the past performance of its £2bn High Income trust by smoothing out price movements.

The FTSE 100 is hovering around the 5,900 mark in early trading on the back of weakening metal prices sending mining stocks deep into the red.

Inflation rose to its highest level since September 2008 last month, reversing the previous month's retreat and breaking sterling's five-day decline against the dollar.

BP's troubled deal with state-controlled Russian oil company Rosneft has fallen through.

SVM has told shareholders to accept activist investor Cyrun's proposal to take over the management of the group's £63m UK Active fund.

European governments yesterday discussed the prospect of a fresh multi-billion euro bailout for Greece - just a year after committing €110bn - in a bid to calm the markets and stabilise the region's currency.

George Soros, who called gold "the ultimate bubble", dumped almost his entire $800m stake in bullion in the first quarter.

The US treasury is battling to slash spending after the country's national debt soared to $14trn, reaching a self-imposed limit set by Congress last century.

Slower global growth combined with the end of QE in the US has left commodities vulnerable to a further correction, Cazenove's Richard Jeffrey has warned.

Amanda Sillars and David Lewis are joining Jupiter's Merlin fund of funds team, led by CIO John Chatfeild-Roberts, on 18 May.