News

Henderson Global Investors is believed to have made a 95p per share offer for beleaguered fund manager Gartmore.

Gartmore is considering takeover talks with Henderson Group, according to Sky News.

Moody's has slashed Ireland's credit rating, and warns more downgrades are set to follow.

Threadneedle's top fund managers are standing firm on their asset allocation views for 2011, sticking with overweight equity and corporate bonds positions going into the new year.

The Monetary Policy Committee's (MPC) Adam Posen has warned the Bank it should not try to compensate for its past mistakes in underestimating inflation by pushing up interest rates.

Britain's financial system is vulnerable to increased EU sovereign debt woes and bubbles in emerging market assets and junk bonds, the Bank of England (BoE) says.

European Union leaders have agreed to set up a permanent mechanism to bail out any member state whose debt problems threaten the 16-nation eurozone, the BBC reports.

Ignis' chief economist Stuart Thomson believes more quantitative easing in the US and UK is inevitable in 2011.

Government bonds are unlikely to deliver strong returns in a low interest rate environment going into next year, warns Jupiter CIO John Chatfeild-Roberts.

Cautious Managed remains the top seller on Cofunds after a strong year for the sector, accounting for 33% of net sales in November.