News

Threadneedle absolute return and currency managers Peter Allwright and Stuart Frost are to join RWC as the firm continues its recruitment drive.

Besieged BP's share price soared 9% this morning as markets weighed up its value as a takeover target as the current oil spill debacle subsides.

A new investment company is to offer UK and global equity funds weighted towards carbon efficient firms.

Resolution says it will go ahead with a £2bn rights issue later this month even if the Axa deal falls through as the proceeds can be used to fund other acquisitions.

Thames River's multi-manager team has reached £500m of assets under management and is adding 20 new IFA firms a month to its client list.

The FTSE 100 index opened slightly up this morning, in a fragile recovery from yesterday's mammoth losses which saw it hurtle south of the 5,000 mark.

George Osborne's austerity budget will cause 1.3m job losses over the next five years according to Treasury figures.

The Office for National Statistics will postpone its next release of data on economic growth, in an highly unusual move for the official statistician.

The amount raised by companies from equity capital markets during the first half of the year was the lowest in five years.

Skandia has removed George Luckraft from the manager line-up on its £142m UK Best Ideas fund.