News

A 25% MARKET RISE IN 2011

Invesco Perpetual head of investment Neil Woodford has offloaded a £100m stake in Severn Trent as the manager's struggles with water regulation continue.

The FTSE 100 advanced 0.67% or 38.68 points to 5,771.51 as investors responded positively to news Ireland has agreed to a bailout.

Legendary investor Jim Rogers believes Ireland and wider Europe would be better off if the Celtic Tiger was allowed go bankrupt.

Ireland became the second country this year to accept billions in EU funding after last night conceding its banking and budget crisis was too big to handle on its own.

The new Basel III banking rules will leave the largest US banks short of between $100bn and $150bn in equity capital.

First State's Jonathan Asante has warned emerging markets are heading for a bubble because policymakers have resumed quantitative easing.

As Ireland prepares to accept a rumoured €80bn euro European Union and IMF bailout to pull it from the mire of its financial crisis, fund managers consider what the contagion effect may be on the banking sector in the UK and Europe.

European asset manager Heptagon Capital is making Texan equity manager Yacktman Asset Management available to UK investors for the first time with the launch of a Ucits version of the Yacktman US Equity fund.

Gartmore's John Bennett has been given over nine million shares to ensure his loyalty to the firm on the back of veteran manager Roger Guy's decision to retire.