News

Henderson's Stephen Peak has made stricken oil giant BP the top holding in his £288.2m UK Alpha fund after not owning the stock just six weeks ago.

The UK Government's net borrowing was £14.5bn in June, marginally below the shortfall of £14.7bn one year earlier but still worse than economists had expected.

Aviva's Jeremy Charles has joined Scottish Widows Investment Partnership (Swip) as an investment director on the UK equities team.

After just passing the halfway mark of 2010, M&G's bond team has found performance in fixed interest markets this year has not necessarily reflected the amount of credit risk an investor is willing to take.

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.

Allianz RCM's has reorganised its sustainability team including appointing a new manager to its EcoTrends fund.

Osmosis Investment Management has announced its climate solutions ETF is now quoted in sterling as well as US dollars on the London Stock Exchange.

The IMA has approved 49 offshore funds for entry into its sectors in the second wave of additions.

Neil Woodford, the largest shareholder in International Power, has backed the energy group's proposed tie-up with French giant GDF Suez.

Investors should switch out of equity income offerings from Axa's George Luckraft and Jupiter's Tony Nutt following underperformance, according to Principal Investment Management.