News

The FTSE 100 opened higher in early trading by 20.32 points(0.39%) to 5231.50 as investors become more optimistic about prospects for a global recovery.

No one should fool themselves into believing that Britain can inflate its way out of its public debt mountain, the Bank of England's deputy governor has warned.

Schroders' Andy Brough has dismissed concerns BP has become a takeover target or will be forced to cut its dividend, labelling investor reaction to the Gulf of Mexico disaster as "mad".

The UK's worst-performing funds have seen their assets swell by £1bn since the start of the year, research from Chelsea Financial Services shows.

Skandia is to launch a new range of 20 single manager funds across 10 different asset classes.

The UK's economic recovery is likely to be slower than that of Germany and France, according to the latest forecasts from Standard & Poor's.

BNY Mellon has assumed responsibility for the UK distribution of all the retail funds run by Insight.

The FSA has levied its largest ever fine of £33.32m on J.P. Morgan Securities for client money breaches over a seven-year period.

Majedie Asset Management has poached Odey duo Simon Todd and Michael Nickson to run the group's new global equity business.

Jupiter's six most senior fund managers are set to own a stake worth about £140m following the asset manager's IPO.