News

Jupiter Fund Management said today its bill for financial failures such as Keydata has come to more than £5m.

UK banks have about £136bn of exposure to crisis-struck Japan, but it is "too soon" to judge the full hit to Britain's financial sector, the FSA says.

Jupiter Fund Management today revealed it would be paying shareholders a 4.7p dividend as profit rose sharply to £42m while assets under management and net inflows also climbed.

The Dow Jones posted strong gains in early trading on Thursday as a cooling operation at the tsunami-hit Fukushima Daiichi nuclear plant eased investor fears.

The UK's economic recovery slowed in the second half of last year and will remain 'subdued' throughout 2011, the Organisation for Economic Co-operation and Development (OECD) predicts.

Activist investor Sherborne has increased its stake in F&C to 18% today with the purchase of 145,000 shares in the group, priced at 78.25p per share.

Investec's global asset management business expects to see assets jump 22% year on year after record inflows into the business during 2010/11.

The Japanese authorities must stop the yen from strengthening, as exports are the country's only hope for significant growth, says Jim O'Neill.

Schroders has added a retail share class to its QEP Global Core fund to create the second offering in suite of actively-managed products with passive fund-style charges.

The Japan crisis will trigger a global commodity boom as it requires more raw materials to rebuild its decimated infrastructure, says HSBC's chief economist Stephen King.