News

Moody's has downgraded Portugal's credit rating for the second time in less than a month and has warned it could fall further.

Ex-BP chief executive Tony Hayward is in talks to set up an energy-focused investment fund, the Financial Times reports.

Oil has hit its highest level since August 2008 and has broken a new record in sterling terms, hitting £74.60 a barrel.

The first quarter rebound in the UK economy was weaker than expected, a survey suggests, adding to a growing consensus the Bank of England should again delay raising interest rates this week.

Carl Stick, manager of the £486m Rathbone Income fund, reveals his top five stock picks for income seekers.

Distinction Asset Management's Ana Armstrong has bought one-year Greek bonds yielding 14.7%, after Moody's downgraded the country's debt last month.

Scottish Widows Investment Partnership (SWIP) has hired William Low as head of global equities.

Matrix Asset Management is unveiling a New Europe UCITS fund in the second quarter for hedge fund manager David Thornton.

Barings' Daniel Isidori is joining Threadneedle to take on the management of the £1.2bn Latin America fund.

Hedge fund house RAB Capital is set to launch two UCITS III funds focusing on the commodities sector.