News

The recession has reduced the time left for 'AAA' rated states including the UK to avert sovereign debt crises as their populations age, Moody's warns.

Legendary investor George Soros heavily cut back his US weighting in the second quarter as market volatility increased.

Henderson has recorded a £1bn net inflow into higher margin assets over the first six months of the year, including a net £100m into its UK retail fund range.

The FTSE has extended early gains after figures showed inflation eased in July, with financials and mining stocks leading the charge into positive territory.

Barclays Bank violated US sanctions in dealings with Cuba, Iran, Libya, Sudan and Burma, court papers have revealed.

UK inflation dropped marginally to 3.1% in July but remains well above the Government's 2% target.

Witan Investment trust has created a special portfolio to be managed by new chief executive Andrew Bell.

Clive Cowdery's Resolution acquisition vehicle has set its sights on acquiring an asset management firm.

F&C shares have soared almost 23% this morning after Sherborne Investors, a group which specialises in turning around recovery situations, took a 5% stake in the firm.

Gartmore has suffered almost £2bn of net outflows so far in 2010 as the firm continues to struggle following suspension and subsequent resignation of star manager Guillaume Rambourg.