News

Richard Buxton has added his name to a growing list of fund manager heavyweights casting doubt on the future of the beleaguered euro.

Neptune Income fund manager Robin Geffen has been adding to unloved utilities and healthcare stocks in recent months as he expects continued dividend growth in the £939m portfolio.

An anonymous bidder stumped up a record $2.63m to have lunch with investment guru Warren Buffett.

Chancellor George Osborne is set to reveal this week the Bank of England will take overall charge of regulation of the financial sector and have "oversight" across the FSA.

Resolution Group, the consolidation vehicle which bought Friends Provident last year, is in talks to buy AXA UK's annuity, protection and group pensions business for £2.75bn.

The Centre for Policy studies has proposed an annual savings limit of £45,000 across Isas and pensions with the aim of simplifying and encouraging savings.

BP is considering plans to defer payment of its next dividend to shareholders by placing the money in an escrow account until the full scale of the company's liabilities from the Gulf of Mexico disaster can be determined, sources claim.

A temporary suspension of BP's dividend would be good politics and would not damage pensions too much, says Rensburg Sheppards Investment Management.

UK manufacturing performance took an unexpected knock in April according to official data, adding to fears Britain's economic recovery is much weaker than previously thought.

Japan's new premier, Naoto Kan, has warned Japan is at 'risk of collapse' under its huge debt pile.