News

Warren Buffett has made one of his largest purchases to date after splashing out $9.7bn (£6bn) for chemicals company Lubrizol.

The Monetary Policy Committee's forecasts for UK real growth are too optimistic, while concern mounts over its inaction in raising rates to stem rising inflation, says Threadneedle's Mark Burgess.

The sell-off in Japanese markets following last week's devastating earthquake represents a buying opportunity, says veteran investor Jim Rogers.

The rapid rise in the price of crude is reviving fears of a double-dip recession, Chris Iggo at AXA Investment Managers says.

Nomura predicts the devastating earthquake and tsunami in Japan will cut between 0.5% and 1% off the country's GDP next quarter.

Several fund managers have warned the Bank of England is underestimating inflation in the UK, and they expect it to be higher for longer than predicted.

Thames River Capital boss Charlie Porter has sold F&C shares worth around £1.7m after investing in a number of the group's funds.

Skandia Investment Group has handed F&C's Peter Lees a £21m mandate for the group's UK Best Ideas fund, replacing Colin McLean of SVM Asset Management.

Fund managers warn Japan could take a short-term hit to GDP following last week's earthquake and tsunami, but they are less concerned about the longer-term impact on the country's fragile economic recovery.

Eurozone leaders in Brussels have come to a ‘in principle' agreement on economic policy, designed to rescue Europe from its debt crisis, European Union President Herman Van Rompuy has announced.