News

Alliance Trust's new corporate bond fund is set to launch with half its holdings in senior bank debt.

Jupiter's Philip Gibbs has revealed he sold his entire stake in Prudential on the first announcement of its proposed takeover of AIA, believing it is a "very, very expensive deal".

The Dow has opened in positive territory after a sense of calm was restored to world markets following yesterday's dramatic falls.

Cavendish Asset Management has added two UK equity funds to its four-strong product range.

Legendary investor Warren Buffett tried to block the first derivative contract in the US back in 1982.

First State's head of global resources David Whitten is leaving to take a career break after 13 years at the group.

The FTSE 100's correction from its recent April peak is likely to continue to October and wipe a further 10% off the index's value, Cazenove technical strategist Robin Griffiths believes.

Lazard Asset Management plans to soft-close James Donald's Emerging Markets funds and launch a new growth-orientated GEMs product.

Miners helped the FTSE advance more than 80 points after three hours' trading Wednesday as fears Europe's debt crisis could hamper global growth softened.

Legal & General (L&G) group chief executive Tim Breedon will take over as chairman of the ABI in July.