News

Government bond markets are continuing to sell off strongly this morning as investors absorb the extra $1trn of debt added to the US balance sheet by the extension of its tax cuts.

Invesco Perpetual star manager Neil Woodford has taken a large stake in Imperial Innovations after backing yesterday's £140m rights issue.

Skandia Investment Group (SIG) has cut an £8m mandate run by Gartmore's Ben Wallace from its £62m UK Strategic Best Ideas fund, pointing to "disappointing" returns.

Investment guru Jim Rogers believes a number of countries in Western Europe are bankrupt or have serious liquidity problems and need to restructure their debt.

US-based group PineBridge Investments has launched a Global Emerging Markets Corporate Bond fund into the UK retail market.

The FSA may keep the outcome of investigations into HBOS and Bradford & Bingley secret unless it finds wrongdoing.

EII's Jim Rehlaender, manager of the Schroder Global Property Securities fund and the upcoming Global Property Maximiser, discusses the outlook for the asset class in 2011.

The FTSE has advanced more than 60 points on Tuesday as investors were buoyed by news of US tax cuts, but European debt fears were keeping a lid on sentiment ahead of the Irish budget.

Ignis' Chris Bowie has offloaded £200m of Santander debt on concerns over the impact of the sovereign debt crisis on the banking giant.

The US government sold off its remaining shares in Citigroup yesterday, making a strong profit from its ownership of the bailed-out banking giant.