News

The FTSE 100 has soared 1.98% this morning as HSBC more than doubled pre-tax profit to £7bn.

The ABI has appointed Aviva Investors chief executive Alain Dromer as chairman of its Investment Committee, effective from 15 September.

The cost of capital for companies with controversial environmental and human rights records should be higher than more ethical companies, says Aviva Investors.

Invesco Perpetual star manager Neil Woodford has committed $25m to a new AIM-listed vehicle which will make investments in troubled African nation Zimbabwe.

Current protection for bank bondholders is likely to be abolished by regulators as part of reforms to the financial sector, M&G warns.

Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.

Jupiter Financial Opportunities co-manager Guy de Blonay has moved a significant amount of the fund's large cash weighting back into the markets, particularly the Far East.

Invesco Perpetual's Paul Causer is predicting risk assets will rally until at least the fourth quarter following the "marked turnaround" in sentiment in European markets early last week.

Chinese hedge fund manager Li Lu may be Warren Buffett's successor at Berkshire Hathaway.

UPDATE: The FTSE has bounced back from heavy losses earlier this afternoon on the back of weak GDP figures from the US.