News

Former Prime Minister Tony Blair has formed his own investment advisory business offering services to high net worth clients and global funds.

RSA's bid for part of Aviva's general insurance business could still happen but only if the offer is raised by around 10%, according to shareholder Ignis.

France has reduced its economic growth forecast for 2011 by 0.5% to 2% following a meeting between President Sarkozy and top finance ministers.

Fast food giant McDonalds has become the first non-financial foreign company to issue a renminbi-denominated bond.

The FTSE 100 opened 0.11% higher to 5,211 in early trading following a flurry of M&A activity.

HSBC Global Asset Management believes there is a "decent chance" of a global markets rally in the fourth quarter, as investors are currently overly pessimistic about the outlook for economic growth.

South Korea state-owned oil company KNOC has launched a £1.87bn hostile takeover bid for Dana Petroleum, a figure likely to tempt the Aberdeen-based group's largest shareholder Schroders.

Greece is set to receive the second instalment of a rescue loan provided by the EU and IMF following the country's progress in cutting its deficit.

Invesco Perpetual star managers Paul Causer and Paul Read recently bought into Spanish and Italian bonds after seeing yields escalate during the European sovereign debt crisis.

The FTSE 100 and other major global indices are in sharp decline today on the back of poor US unemployment data.