News

Federal Reserve chairman Ben Bernanke has given his strongest signal yet that he will begin another round of quantative easing in the US.

Richard Downs is stepping down as the managing director of Old Broad Street Research (OBSR), to be succeeded by Richard Romer-Lee and Nigel Whittingham.

Cazenove's European fund has broken through £1bn on the back of record inflows of £440m year to date.

Hargreaves Lansdown saw assets under administration increase by 14% during the third quarter, traditionally a quiet period for the firm, driven largely by positive markets.

Polar Capital's assets grew 20.6% to $3.05bn (£1.9bn) over the six months to 30 September, despite a difficult period for its hedge funds.

The FTSE opened at 5,727 this morning, sliding 0.08% in early trading, although there was a raft of M&A activity among the UK's largest companies.

Whether the US dollar index looks set to post its fifth successive weekly decline in a row will depend on how the markets react to today's US CPI, retail sales figures, and Michigan consumer confidence numbers.

Monks Investment Trust manager Gerald Smith will take over as Baillie Gifford CIO from April 2011.

Ian Winship has joined BlackRock as a senior portfolio manager on its sterling fundamental fixed income team.

Warren Buffett's empire is unlikely to be run by his family when the investment guru steps down from the business, his son has told Bloomberg.