News

Speculation Portugal is facing an imminent bailout was fuelled this morning as the European Central Bank was forced to buy the country's government bonds.

Difficulties in the eurozone pose the most serious threat to recovery in developed equity markets, despite a positive outlook for growth, says Schroders' Alan Brown.

Banks on a worldwide scale will be forced to shore up cash levels if their nation is on the brink of a credit bubble, according to new developments under the Basel III reform package.

UK economic growth slowed towards the end of 2010, according to figures from the British Chamber of Commerce (BCC), sparking fears a recovery is faltering.

Net retail sales of commodity funds reached £208m in November, marking a new record high, according to the IMA.

Ten-year Portuguese bond yields have reached a new high of 7.16%, driven by speculation the country will ask the EU for a bailout.

New asset management company Fundsmith has released its inaugural shareholder letter revealing the Fundsmith Equity Fund has gained 6.14% net of fees since November.

Fund manager heavyweights Hugh Hendry and Anthony Bolton have clashed on the outlook for China.

Portugal will need a bailout in 2011, but the future of the eurozone will depend on the fate of Spain, Italy and Belgium, says MAM Funds' Martin Gray.

Threadneedle has appointed former Goldman Sachs executive director Irina Miklavchich as fund manager of its £129m Global Emerging Markets Equity fund.