News

Axa Investment Managers has confirmed the departure of Anja Balfour, manager of the Axa Framlington Japan fund.

Scottish Widows Investment Partnership (Swip) has promoted Andrew Tunks to investment director for fixed income.

The Bank of England (BoE) today kept interest rates at a record low of 0.5% as uncertainty remains over who will govern Britain.

Former New Star fund manager Patrick Evershed is due to appear at the Court of Appeal today to defend a court ruling that his unfair dismissal case falls under whistleblowing laws.

The FTSE 100 has soared in early trading, up 3.35% to 5294.55, as the markets took confidence from this weekend's €750bn rescue deal to defend the euro.

Neptune MD Robin Geffen has stepped up his campaign to oust Prudential's CEO Tidjane Thiam as the insurer is poised to gain FSA approval for its takeover of AIG's Asian arm AIA.

Spain finally emerged from recession in the first quarter of 2010, following nearly two years of negative growth.

Liontrust's chief executive and co-founder Nigel Legge announced last week he is stepping down, to be replaced by new head of retail John Ions.

Cazenove's Julie Dean is bringing the UK Dynamic portfolio she inherited last month from Neil Pegrum into line with her large-cap biased UK Opportunities ahead of a merger of the funds.

Majedie Asset Management's Adam Parker is standing by a weighting in miners almost double the FTSE All Share despite Australia's proposed supertax on miners' profits hitting the sector.