News

Henderson Global Financials manager Emily Adderson has reintroduced a short position on European banks and boosted cash on expectations of near-term pressure for the sector.

Baillie Gifford has announced a series of changes to its retail sales team ahead of Ken Edwards' retirement in February 2011.

Neptune has replaced Jeremy Smith as manager of the £53m UK Equity fund following a period of underperformance.

London's leading share index is up nearly 1% today despite concerns over the European debt situation.

Thames River multi-managers Gary Potter and Rob Burdett are set to become one of the first investors in Nick Purves and Ian Lance's new RWC income products.

Brenda Reed, the manager of Fidelity's £334m Global Focus fund, is leaving to join a New York-based hedge fund.

London entered the final quarter of 2010 in positive mood with sentiment lifted by hints from incoming BP boss the group is ready to restore the dividend payments suspended during the Gulf of Mexico crisis.

Wall Street saw its strongest September since 1939 despite lingering concerns over US economic growth.

The SEC has charged two employees of Boston-based State Street with misleading investors over exposure to sub-prime debt.

Hargreaves Lansdown has added Sanjeev Shah's Fidelity Special Situations to its Wealth 150 list of recommended funds.