News

Richard Black is to manage Legal & General Investment Management (LGIM)'s first UK equity income offering.

Skandia Investment Group is planning to revamp Francois Zagame's Equity Income fund of funds, giving it a global remit and changing it from a fund of funds to a single manager portfolio.

Irish economy contracted in the fourth quarter of 2010, shrinking 1.6% on the back of poor consumer spending, exports and investment.

UK retail sales slipped 0.8% in February compared to the previous month, according to the Office for National Statistics (ONS).

The board of the Invesco Property Income trust has agreed a deal with the company's banks to restructure its loan facility.

BlackRock is preparing to expand its equity income fund range with the launch of onshore global, European, and resources offerings.

The relaxation of VCT investment criteria announced in yesterday's Budget will spark a number of new AIM VCT launches, says Oliver Bedford, manager of the Hargreave Hale AIM VCTs.

Hedge fund guru George Soros has argued the European Financial Stability Facility (EFSF) must take control of Europe's banking system if it is to solve the sovereign debt crisis without causing another banking collapse.

The FTSE 100 index edged higher in early trading following gains overseas in the US last night.

Egypt could see the state of its economy further discredited if the government does not support the market, says Pictet's Oliver Bell.