News

The City sees a one-in-five chance the Bank of England will raise interest rates today to combat rising inflation.

Hargreaves Lansdown posted a 40% jump in operating profit in the final six months of 2010, but says the figure would have been "significantly higher" but for a £3m FSCS bill to help compensate customers of failed investment businesses.

Swiss & Global has launched a fund investing in the emerging economies of China, India and Indonesia.

Banks will reveal salary details of their highest paid staff and lend businesses £190bn this year under Project Merlin, but their top earners will not be hit with a bonus tax, the government said today.

SWIP is planning a raft of new products to follow the establishment of its US fixed income base.

Inflation will stay "stubbornly high" this year, pressuring the Bank of England to up interest rates from the second quarter, according to the Confederation of British Industry.

Sebastian Lyon is seeking to soft-close the £894m Trojan fund he runs following soaring inflows in 2010.

Gravis Capital Partners is launching a zero coupon bond fund secured against property, set to generate annual returns of over 10%.

Emerging markets do not face a bubble in the short term as the region shows robust economic fundamentals with little leverage and strong growth, says Michael Hasenstab at Franklin Templeton.

The London Stock Exchange is set to acquire the Toronto Stock Exchange in a £4.2bn deal, creating a major trading centre for mining shares.