News

The impact of the Japan earthquakes in causing short-term plant closures and supply chain disruptions has led Threadneedle to slash its forecast for the country's growth from 1.5% to 0.9% for 2011.

Skandia Investment Group (SIG) has been given the green light from shareholders to revamp the group's equity income fund of funds and hand the portfolio to O'Shaughnessy Asset Management.

Consumer Prices Index (CPI) annual inflation fell by a surprise 0.4% to 4% in March as the cost of food and drink lowered, but it is still double the Bank of England's target.

MAM Funds has moved back into the black, reporting after-tax profit of £400,000 for 2010, compared to a £7m loss in 2009.

Jupiter's Guy de Blonay is among several managers who have welcomed the Independent Banking Commission's report, released yesterday, as the burden of regulation on the UK's banks is set to be less onerous than expected.

Alliance trust's board has defended its performance record in its annual results, with the trust increasing its divided by 3%, the 44th consecutive year it has grown.

The Japanese government has raised the severity of the crisis at the Fukushima Dai-Ichi nuclear plant to 7, a rating only previously applied following the 1986 Chernobyl disaster.

The IMF has cut growth expectations for the UK for this year to 1.7%, down 0.3% from its previous prediction in January.

Former Schroders head of UK retail sales Neil Bridge is joining MAM Funds as head of business development on 4 May.

Alliance trust has hit back at activist investor Laxey Partners and rejected calls for the introduction of a discount control mechanism (DCM), in the company's annual results, released today.