News

The pound has risen against the euro after UK GDP growth was reported as -0.5% in Q4 2010, slightly ahead of previous estimates of -0.6%.

Neil Woodford, Invesco Perpetual's star income fund manager, says George Osborne's UK growth forecasts are too optimistic and expects growth to remain lower for longer.

Investment Week brings you all the key points from today's conference call with Invesco Perpetual's income guru Neil Woodford...

Neil Woodford, one of the UK's most highly regarded fund managers, is to give his views on the UK economy and stock market as he addresses investors in a conference call later this morning.

The FTSE has opened trading cautiously as investors await the final fourth quarter UK GDP reading this morning.

Standard Life Investments (SLI), one of BP's top 10 investors, has withdrawn its backing for the oil giant's deal with Russian energy group Rosneft after warning share swaps alone "rarely do anything positive".

Polar Capital is considering merging its European Financials into the Financial Opportunity fund, which launches next month.

Jason Britton is leaving his role as chief investment officer at T. Bailey after 12 years.

Aberdeen Asset Management has stemmed outflows substantially in the last five months following increasing interest in its global and emerging market equity funds.

F&C's head of UK equities Peter Lees expects inflation in the UK to peak at about 5% despite February's larger than expected jump.