News

Gold will be one of the best performing asset classes of the next decade and could return as much as 8% a year over this period, Castlestone's Angus Murray says.

The FTSE 100 was up 1.09% or 60.17 to 5588.44 at 10.20am, shrugging off yesterday's dull showing after concerns over the eurozone debt left the index firmly in the red.

Portuguese 10-year government bond yields were steady in early trading, ahead of a €500m bond auction by the country's government later today.

First we brought you quantitative easing bears. Now get the lowdown on the Irish bailout, through the eyes of Taiwanese animators. If you are not keen on Irish stereotypes look away now.

Aberdeen Asset Management has effectively ruled itself out of bidding for rival Gartmore, opting instead for organic growth.

CQS and Brevan Howard, two of Europe's largest hedge funds, are due to close subscriptions for listed credit hedge funds next week.

UK bank shares were being sold off this afternoon, sending the FTSE down 0.3% to 5,532.08 points, as investors fear Europe's debt crisis has not yet claimed its last sovereign victim.

JM Finn & Co is launching an Africa fund to profit from the continent's transition from global commodities supplier to consumer-driven market.

Larger asset management companies are driving down returns for shareholders by holding exceptionally high cash levels on balance sheets, according to a study.

Outsourcing asset management group SEI has added absolute return capabilities to its seven-strong strategic portfolio suite.