News

North's John Husselbee is taking over management of the Way Group's MA Growth fund, replacing T. Bailey.

The Institute of Directors (IoD) wants a further £50bn in quantitative easing, on top of the £200bn already injected into the economy to boost the money supply.

The FTSE rose 0.70% this morning after the Dow Jones closed last night 1.80% higher.

Global markets have rallied on the back of Japan's cut in interest rates, with the FTSE and Dow both up over one percentage point.

HSBC Global Asset Management has launched a leveraged version of its flagship Global Macro absolute return fund.

Former SocGen trader Jérôme Kerviel was today sentenced to five years in prison for the rogue activities which cost the French bank €4.9bn. Here is a recap of what the bank calls 'an exceptional fraud'.

Jérôme Kerviel, the rogue trader who almost sent French giant Société Générale to the brink of collapse, has been sentenced to five years in prison and told to reimburse the bank €4.9bn.

The Bank of Japan has cut interest rates to virtually zero in an effort to revive the ailing economy.

Schroders' Keith Wade says the US and UK are increasingly likely to see another round of QE, but he questions whether it will bring any immediate boost to the sluggish economies.

AIG is set to press ahead with the IPO of its Asian arm AIA, which is likely to value the group at a lower price than the renegotiated offer it rejected from UK insurer Prudential.