News

Invesco Perpetual's European equity income specialist Katharina Hoyland is leaving the group to concentrate on her family.

Aegon has promoted Peter Shaw to become joint manager with Audrey Ryan on the £43.2m UK Opportunities fund.

Aviva Investors will take over the Henderson International Property fund from 2 August.

AXA Framlington's head of emerging markets William Calvert is leaving the group with managers Ming Kemp and Neil Denman.

Emerging markets specialist Mark Mobius says appreciation of the renminbi is likely to be "gentle and controlled" and does not significantly alter his view on Chinese shares.

Renowned investment guru Jim Rogers continues to avoid investing in the UK, believing the country's "staggering" debt problems are unlikely to improve.

The Bank of England has made nearly £10bn in paper profits by buying UK government bonds as part of emergency efforts to pump money into the British economy.

BP has agreed to inform the US Government of any major business decision which could affect the future shape of the company following the Gulf of Mexico disaster.

Standard Chartered has told clients to prepare for a fall in property prices of up to 30% in large Chinese cities as the delayed effects of monetary tightening begin to bite.

Investec could offload Rensburg Fund Management after receiving a number of expressions of interest in the business.