News

The UK economy faces a one in three chance of falling back into recession by 2012, Legal & General Investment Management (LGIM)'s economist has warned.

Newton's Paul Brain is building up his exposure to the renminbi on expectations it will continue to appreciate against the US dollar.

Investec Asset Management, which runs $5.3bn in active currency funds, has warned the dollar could face a sharp correction this year due to reluctance in the US to embrace fiscal tightening.

The FTSE 100 index of leading shares has dropped more than half a percentage point this afternoon following a shaky start in trading.

UK unemployment fell 0.1% to 7.8% in the three months to May this year, according to the latest data from the Office for National Statistics.

Alex Illingworth, the former manager Insight Evergreen fund manager, has joined the global equity team at Mirabaud Investment Management.

Mike Riddell, a member of the highly-regarded M&G bond team, highlights the worrying aspects of June's inflation 'fall'.

Bank of England inflation hawk Andrew Sentance believes policymakers should start gradually raising interest rates on improving economic conditions.

A US senator has stepped up the political attacks on BP, this time calling for an investigation into its Libyan interests and connecting the group with the deal to free the Lockerbie bomber.

Pimco, the world's biggest bond manager, has turned bullish on UK government debt, just six months after it warned gilts were resting "on a bed of nitroglycerin".