News

Independent City economist Roger Bootle has warned gilts are not a safe bet in the present environment, despite record low yields.

The UK has maintained its AAA credit rating largely thanks to the austerity measures of the coalition government, although it remains vulnerable over the long term.

Former Fidelity International CIO Nicky Richards is joining the wealth management arm of the National Australia Bank.

The €440bn European Financial Stability Facility (EFSF) has been given the highest possible ratings by the three main agencies.

Eleven of this year's 13 IPOs are trading on a premium, including Anthony Bolton's China Special Situations fund, according to Numis Securities.

Investec is planning to securitise £250m worth of ‘non-standard' mortgages, including self-certified and subprime home loans, in the UK.

The FTSE 100 had a strong start to the week, up 0.71% or 39.14 points to 5,547.59, supported by news BP had permanently sealed its Gulf of Mexico oil well.

Barclays Wealth has developed a risk-graded fund range as part of a push into the intermediary market.

Matrix is planning to launch a range of Ucits III funds, the first of which is likely to be an Eastern European equity fund with a focus on Russia.

Martin Currie is considering launching Ucits III versions of three of its hedge funds, ahead of the debut of its three latest absolute return vehicles.