News

T.Bailey has set the asset allocation for its newly-launched Defensive Cautious Managed fund, with the vehicle set to hold 10% in both commodities and property.

Investec's Alastair Mundy has sold out of Lloyds in his £1.57bn Cautious Managed and £344m UK Special Situations funds on fears the group runs the risk of becoming a ‘zombie bank'.

Monetary Policy Committee inflation hawk Andrew Sentance has once again voted for a rise in UK interest rates.

UPDATE 12pm: The FTSE 100 index has climbed almost 1.6% in morning trading after strong late gains overnight on Wall Street.

George Osborne and Vince Cable fear the rationing of lending to small firms could reverse the UK's economic recovery.

Neil Woodford's Invesco Perpetual has threatened to shun UK renewable energy companies unless regulators increase the returns available to investors and provide greater certainty over future policy.

BP has begun to offload assets aimed at raising cash to pay for the Gulf of Mexico disaster, agreeing the $7bn sale of fields in the US, Canada and Egypt to Apache.

Online grocer Ocado has been forced to cut its IPO price range after failing to place shares at the bottom of its 200p to 275p original offer price.

The UK's overall GDP growth forecast is at "significant risk" if business investment is not as robust as the Office of Budget Responsibility (OBR) predicts, ministers warn.

Premier's Simon King has cut the number of holdings in the £23m UK Alpha Growth fund by half since taking it over from PSigma's Bill Mott.