News

Scottish Widows Investment Partnership (Swip) has promoted joint chief investment officer Andrew November to the role of director of equities.

First State's Asia Pacific and global emerging markets team, led by Angus Tulloch, says the China consumer demand story has been "flogged to death."

The US economy will continue to see challenges until unemployment improves, according to Cavendish's Tim Roberts, who says he still cannot rule out a double-dip recession.

Standard & Poor's downgrade of Ireland's credit rating was "inevitable", and other ratings agencies are likely to follow suit, says Schroders.

World demand for gold shot up by more than a third in the second quarter as recession-spooked investors continued to look to the commodity as a safe haven.

F&C has seen pre-tax profits double for the first half of the year, though it suffered a £2.5bn drop in assets under management.

The FTSE advanced in early trading following positive overnight signs in the US and a mini rally in Asia.

Markets on both sides of the Atlantic have continued on their downward trajectory amid fears about the economic recovery.

T. Bailey has promoted assistant manager Elliot Farley to head up its £36m Cautious Managed fund.

The FSA is set to turn the regulatory spotlight on the valuation of traded positions and is calling for a specific assessment of valuation uncertainty.