News

The Bradford & Bingley Shareholders Action Group has hit out at the government's offer to exchange two perpetual subordinated bonds in the nationalised bank for a 3p premium to the current market value.

The Templeton UK Equity fund is likely to be merged away following Franklin Templeton's takeover of UK equity boutique Rensburg Fund Management.

The UK's economic growth will be 'subdued' in 2011, held back by fiscal tightening and weak real income growth, according to a new OECD report.

Hargreaves Lansdown has questioned whether cuts to fund charges post RDR will be as widespread as the FSA forecast in its recent Platform Consultation paper, as providers struggle to cope with IFA exits from the market.

CARTOON BEARS ON QE

The FTSE took its early lead from strong gains in Asia rather than muted US markets, up by 0.5% to 5,723.51.

A team of EU and IMF inspectors will arrive in Ireland today to take a closer look at the nation's banking system and prepare for a possible €80bn bailout.

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.

United Industrial Services has built up a 4.64% stake in ailing fund manager Gartmore.

US auto giant General Motors is set to raise up to $22.7bn in its IPO, which could make it the largest stock offering in US history.