News

Fidelity is looking to raise £162.1m in a new share issuance on its China Special Situations trust, run by Anthony Bolton.

Gartmore has seen the departure of another fund manager as Andrew Russell quits the firm.

US labour market data released today failed to meet expectations but Neptune's head of US equities Felix Wintle says the figures point to economic recovery.

The fraud trial of Allen Stanford has been delayed in the US after a judge heard psychiatric evidence he is suffering from depression.

Polar Capital is closing its Discovery fund, a global macro hedge fund run by Paul Lambert.

Financial stocks could deliver over 25% of the earnings growth of America's leading index over the next 12 months, says Bill Miller, the chairman of Legg Mason Capital Management.

Facebook will disclose extensive financial information or go public by early 2012 following a $2bn private fund-raising which values the social networking site at $50bn, according to reports.

The FSA says adviser firms' over-reliance on risk profiling and asset allocation tools could be seriously detrimental to customers and warns it will take tough action on companies failing in this area.

UK companies must develop their presence in emerging markets or risk being left behind "in the slow lane of history", says PwC.

Paul Carne has altered the European equity holdings in his £314m multi-manager Lifestyle range, cutting three managers including Cazenove's Chris Rice.