News

BNP Paribas subsidiary Harewood Solutions is launching an income fund which aims to pay 8% annually, but offer considerably less volatility than the FTSE 100.

British factory production has surged ahead at a rate five times faster than expected in March as the weak pound helped revitalise Britain's export trade.

A Government auction of £2.25bn of gilts was two-and-a-half times oversubscribed despite uncertainty over the result of the election.

Assets under management within fund of funds have reached a record level of £46.5bn, according to the IMA.

Franklin Templeton is to seek to register three recently launched funds in the UK.

Profit taking saw the FTSE 100 fall 1.3% to 5316.22 points this morning, negating some of its 5.2% rise on Monday.

Gordon Brown yesterday announced his resignation as Prime Minister - but he will not be stepping down for at least five months. "Extraordinary" says the Times, "Sordid" says the Telegraph...

Gordon Brown is to step down as Prime Minister in September and will ask the party to "set in train" a leadership contest to replace him.

Alliance Trust Asset Management is to enter the fixed income market next month with the launch of a corporate bond fund.

Rathbone Unit Trust Management has made two multi-asset funds of funds available directly to external investors for the first time.