News

The Witan investment trust has handed a £120m pan-European mandate to Marathon Asset Management.

Banks are once again leading the FTSE 100 gains in early trading, after a number of stocks soared upwards of 10% yesterday on the relaxing of Basel III rules.

St. James's Place is eyeing further development of its fund range after recording a 60% jump in Q2 unit trust sales.

Rathbone Unit Trust Management has continued to suffer redemptions from investors over the first half of the year, with the group posting a £41m net outflow.

The Bank of England has made a £5.5bn full-year loss on the assets bought under its quantitative easing (QE) programme to prop up the battered UK economy.

Investment guru Jim Rogers believes another recession will be due in about 2012, but the difference next time will be the inability of central banks to throw cash at the problem.

Robert Shiller, architect of the famous Shiller P/E ratio and co-developer of the Standard and Poor's S&P/Case-Shiller home price index, says there is a 50% likelihood of a US double dip.

Edward Novis has joined JO Hambro Investment Management (Johim) as co-manager on the Waverton European fund.

Bob Dudley, the new chief executive of BP, has promised to put the embattled oil major "on the road to recovery".

Barclays, RBS and Lloyds shares have all rocketed today on news the Basel Committee plans to water down its capital and liquidity reform package.