News

LVAM's Graham Ashby says he is finding quality stock opportunities in the UK domestic market despite rising inflation and weak economic growth.

The contraction in the UK economy in the last quarter of 2010 was slightly worse than previously estimated, according to figures from the Office for National Statistics released today.

Trading in London will start at 12:15, after this morning's suspension based on 'technical glitches' on the LSE, the exchange says.

Asset manager Syndicate is to focus "exclusively" on wealth management and has sought shareholder approval to operate under the lead brand of its financial planning offshoot Ashcourt Rowan.

Some of the biggest names in financial services, including Cazenove CEO Andrew Ross and Peter Hargreaves, are calling for a "full and independent" inquiry into the collapse of Keydata to ensure similar failures are avoided in the future.

The oil price could surge to $220 a barrel and thwart the global economic recovery, according to Nomura.

Lloyds Banking Group is back in the black for the first time since it was bailed out by the government, boosted by a record results in asset management arm SWIP.

Henderson's John Pattullo has increased the £641m Preference & Bond fund's maximum exposure to high yield, believing there are considerable opportunities in this area of the market.

Saudi Arabia is stepping in to prevent an oil supply blackout driven by the Libyan turmoil, the Financial Times reports.

Oil prices do not yet reflect a crisis, although the risk of political contagion across the MENA region could force the crude price up over $150 a barrel in the short term, says Mark Lacey at Investec.