News

Schroders' Nick Gartside has switched from inflation-linked to nominal US treasuries in his £316.7m Strategic Bond fund as the market continues to be "fixated on deflation".

Private equity positions were the largest positive contributor to the Foreign & Colonial investment trust in the first half of the year, helping to offset the effects of BP's dividend suspension.

The FTSE was down in early trading at 5311.91, representing a drop of 2.04 points (0.04%), ahead of US GDP data.

Former New Star fund manager Patrick Evershed can proceed with a lawsuit over claims he was bullied by company founder John Duffield, a London court said.

Graham French, manager of the £4.28bn M&G Global Basics fund, has moved defensively in recent months on concerns over a slowdown in global growth.

The governor of California, Arnold Schwarzenegger, has declared a fiscal state of emergency as lawmakers stall on delivery of a state budget, now more than a month overdue.

The FSA plans to strengthen its Remuneration Code to encompass over 2,500 firms which will include setting firmer rules on bonus structures for key staff.

J.P. Morgan has raised £104m for its new Global Emerging Markets investment trust.

The FTSE edged slightly higher this morning, buoyed by upbeat earnings announcements from AstraZeneca and BAE Systems.

Mervyn King wants a new breed of regulators focused on public service and not huge banking-style pay packages when responsibility for financial regulation transfers from the FSA to the Bank of England in 2012.