News

Scottish Widows Investment Partnership (Swip) launches its Strategic Bond fund on Monday, managed by Roger Webb and Luke Hickmore.

Anthony Bolton's Fidelity China Special Situations investment trust will join the FTSE 250 index on 18 June.

F&C has appointed Paras Anand as the manager of its European Assets trust.

The board of Invesco English and International (IEI) is planning close the investment trust because it is no longer large enough to be viable.

The FTSE 100 lost 40 point in early trading on Thursday as BP shares continued to drop.

France and Germany have called for rapid agreement on new EU rules to ban elaborate forms of speculation on national debt and company shares.

The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.

Shares in BP tumbled to their lowest level since 1996 in US trading Wednesday on fears the company won't pay out its planned dividends to shareholders.

Investec's Alastair Mundy topped up his high-conviction position in BP last week, saying the oil giant remains a "very interesting investment opportunity".

Matrix has launched an absolute return bond fund to be managed by Lazard Asset Management.