News

Ocado has revealed its shares have risen to an all-time high following a grim performance after the firm floated last July.

MAM Funds' Simon Edwards has revealed he refused an offer to re-join the company's board, preferring to concentrate on running funds.

Sabre Fund Management is to launch a Ucits III absolute return fund of equity funds, designed to deliver a target return of 10%-15% per annum.

UPDATE: The UK index of 100 leading stocks had jumped 58.87 points to 5921.81 by 2pm, an increase of 1%, led by rising commodity prices as civil unrest in Egypt continues.

The US will see sub-par economic growth over the next few years, says Invesco Perpetual's Andrew Shard, as the government begin to tackle the deficit problem.

BNY Mellon Asset Management has launched an absolute return equity fund, the first in its range to be managed by Insight Investment Management.

A leading economic think-tank today urged George Osborne to delay the dramatic public sector cuts which underpin his economic policies, and to u-turn on them completely if the economy falters again.

The Bank of England topped up Governor Mervyn King's pension pot by £1.4m after deciding to award him an early payout in 2008.

BP reported an annual loss of $4.9bn (£3.1bn) in 2010, the first time the oil giant failed to post full-year profits since 1992.

Schroders' Global Property Income Maximiser will launch on 17 February with a heavy overweight to the North American real estate sector, which the manager expects to benefit from regulation.