News

Goldman Sachs has scrapped plans to offer its top US clients an exclusive share offer on Facebook as it fears the high level of interest could lead to a breach of securities laws.

Absolute return funds returned to form in the second half of 2010, after a period in which many failed to deliver, says Standard & Poor's Fund Services.

Goldman Sachs has issued a short-term alert on China and India over inflation fears.

Northern Rock will begin seeking out potential bidders today in the first tentative steps towards returning bailed-out banks to private ownership.

Artemis' William Littlewood has reduced overall net equity exposure in his £700m Strategic Assets fund in the view rising shares are vulnerable to disappointment.

Royal London Asset Management is changing the name of its £472.5m UK Special Situations fund to the UK Opportunities fund from 21 January.

Skandia has added international asset manager Danske Capital to its European Best Ideas fund.

The FTSE is hovering below 6,000 at the start of this week's trading, down 0.04% or 2.6 to 5,999.45, as traders await the outcome of today's eurozone finance ministers' meeting in Brussels.

Important members of Chancellor Angela Merkel's coalition in Germany are resisting plans for an increase in the EU's bailout fund to protect Spain from contagion, complicating a crucial meeting of EU finance ministers on Monday.

Commodities enthusiasts are investing five years too late, although gold may still be worth buying, according to Fidelity's Anthony Bolton.