News

BP has denied reports from Russia that Tony Hayward is set to stand down.

Premier has changed the name of its £64m UK Thematic fund to UK Strategic Growth to better reflect the style of new manager Simon King.

A member of the Bank of England's Monetary Policy Committee (MPC) has called for a rise in interest rates for the first time in almost two years.

China has set the renminbi-dollar exchange rate at its highest level in five years, after announcing it would make its currency more flexible.

Half of managers charging performance fees expect they will become more difficult to earn, new research has found.

The investment management sector is expected to suffer a "sharp contraction" in the next quarter, says the latest CBI survey.

The FTSE 100 has opened in positive territory as investors react with relief to a watered down US financial services reform bill.

UK stocks are cheap and could jump when markets see Britain is not entering a double-dip recession, according to GLG Partners' head of UK equities.

Barack Obama and David Cameron said stricken oil giant BP should "remain a strong and stable company".

UK banks could be under further pressure to curb lending after the G20 drafted rules to force them to bolster balance sheets by as much as £130bn.