News

Moody's has downgraded Ireland's sovereign government bond rating to Aa2 from Aa1.

Star Invesco Perpetual manager Neil Woodford is once again likely to take centre stage in takeover discussions, with top-20 holding International Power in talks to combine assets with French giant GDF Suez.

The FTSE 100 opened down 0.45% or 23.21 points to 5,135.64 as Friday's sell-off on Wall Street dragged the index lower.

AIG, the insurer that received £119bn in emergency funding during the financial crisis, is expected to appoint former Pru CEO Mark Tucker as head of its Asian business, AIA.

Asian markets were in decline today following the sharp 3% fall for US indices on Friday.

Gravis Capital Partners, which is set to create UK's first listed debt infrastructure fund, says it is likely to complete a successful IPO.

UK hedge fund Armajaro Holdings purchased £658m of cocoa on Friday, in a move which single-handedly moved the global cocoa market.

Business Secretary Vince Cable has warned of a second credit crunch if bank lending does not begin to flow across the economy.

Schroders' head of UK equities Richard Buxton has completely sold out of Tesco in his £1.9bn UK Alpha Plus fund after seven years holding the stock, replacing the retailer with a mining IPO.

Old Mutual's Stephen Snowden says subdued economic growth is a positive driver for credit markets as it forces companies to become more fiscally prudent.