News

In a boost to mining companies the new Australian prime minister Julia Gillard has reached a compromise with mining companies on tax.

Jupiter has promoted Alastair Gunn and Rhys Petheram to the role of co-managers of the £261m Distribution fund, alongside Anthony Nutt and John Hamilton.

BP is understood to be negotiating with China National Offshore Oil Corporation to sell a 60% stake in Pan America.

Jupiter is planning a global emerging markets fund for Kathryn Langridge, who is joining the firm after a three-year stint at Lloyd George.

The FTSE 100 has slipped further into the red in late afternoon trading as disappointing US manufacturing and housing data added to growing concerns of stuttering global growth.

Henderson has launched a Ucits III global currency fund for Bob Arends, the head of currency.

Allianz RCM's CIO of UK equities Mark Lovett has left to join another undisclosed firm.

Threadneedle has announced the revised manager lineup on several of its products following the departure of Peter Allwright and Stuart Frost for RWC.

Developed countries cannot rely on emerging markets to bring global growth back to pre-credit crunch levels, says PIMCO's Bill Gross.

The FTSE began to recover early losses on Thursday after the European Central Bank (ECB) revealed modest take-up of its latest short-term loan facility.