News

M&G's bond manager Jim Leaviss has clashed with Artemis' James Foster over whether the MPC should raise interest rates.

Stephen Snowden will take on the co-management of Aegon's Investment Grade Bond and the Dublin domiciled Investment Grade Global Bond funds when he returns to the firm in July.

Artemis' fixed income star James Foster says the governor of the Bank of England needs to raise rates now to prevent inflation becoming embedded in the system.

The FTSE 100 is ahead in early trading after near triple-digit losses at the end of yesterday's session, supported by banks and miners.

The ONS has denied inflation figures were leaked before the official announcement yesterday morning.

The oil price fell by as much as $3.25 a barrel on Tuesday after the world's biggest commodity trader called the top of the market for crude and a range of other commodities.

Liontrust Asset Management has agreed the sale of its credit team and transfer of two of its credit funds to credit investment manager Avoca Capital.

F&C has soft-closed its Global Convertible Bond fund after assets passed the €700m mark.

Iceland has said the UK will get back the money it paid out to customers when the Nordic country's banking system collapsed.

European stock markets sunk into negative territory on Tuesday as concerns over the global economic recovery and an unnerving update on Japan's radiation crisis hit investor sentiment.