News

The UK is still in danger of losing its prized AAA rating despite the fiscal tightening measures unveiled by the new coalition Government last month, Standard & Poor's says.

BP shares have bounced back to 400p after soaring 10% on weekend reports it could face a takeover bid from ExxonMobil.

Barings' head of Asia Pacific investments has left the firm as it continues to restructure its Asian business.

Legal & General Investment Management's Mark Burgess has joined Threadneedle as chief investment officer.

Fidelity FundsNetwork is planning to introduce free buying for lump sum investments and free switching through a pricing option launching on 9 August.

Cautious Managed was the top selling sector on Cofunds in Q2 as advisers look to outsource investment decisions to multi-managers in the run-up to RDR.

William Calvert and his Axa Framlington emerging markets team are joining Polar Capital in October.

Henderson head of retail fixed income John Pattullo believes subordinated bank bonds could enjoy a sharp price spike should this month's European stress tests prove positive.

The UK economy is recovering but progress is sluggish, the latest GDP figures from the Office for National Statistics suggest.

The number of UK-listed companies issuing profit warnings fell to the lowest level in about seven years during the second quarter.