News

The UK economy grew by more than expected in Q2 of 2010, boosted by a strong performance from the construction sector.

Blue chip stocks fell this morning on fears that data will show US economic growth slowed in the second quarter.

Ignis Asset Management has seen 38% profit growth and an increase in its AUM to £69bn, according to its half-yearly results, released today.

Castlestone Management is launching a global emerging markets fund investing in the ‘Next 11' developing countries of increasing importance outside the established Bric states.

Bearish Société Générale strategist Albert Edwards has warned equities face a "bloodbath" and predicts government bond yields will fall even further.

Threadneedle recorded its strongest quarter for net retail inflows in five years in Q2, with its US equity franchise seeing strong demand.

The board of the £55m Henderson Private Equity investment trust has decided to close the vehicle as a result of its persistently wide discount and failure to grow assets under management.

The FTSE 100 was up 0.98% or 49.85 points to 5,159.25 this afternoon as data showed new claims for unemployment benefits in the US fell more than expected.

Invesco Perpetual has completed an 18-month review into the way it manages global equities, leading to a change of investment process for its flagship £1.1bn Global Equity fund.

Old Mutual's Simon Murphy has begun introducing food retailers into his fund, believing the sector is well positioned to benefit from food price inflation.