News

The Pacific Assets Trust has dropped F&C as its manager, handing the mandate to Angus Tulloch's First State Asia Pacific/Global Emerging Markets team.

Scottish Widows Investment Partnership (Swip) has appointed Peter Cockburn, its acting head of UK equities, as permanent leader of the unit.

The FTSE 100 plunged 1.95% this afternoon as miners continued to weigh on the index following Australian plans to levy a 40% tax. The index fell 108.4 points to 5,444.89.

The proposed new tax on ‘super-profits' generated by Australian mining companies has seen the mining sector fall heavily again today.

Guy de Blonay will take up his position as co-manager of the £1.2bn Jupiter Financial Opportunities fund alongside Philip Gibbs on 1 June.

Miners fell sharply this morning on news the Australian Government plans to introduce a new 40% tax on resource projects from July 2012.

After the €110bn bailout of Greece on Sunday, Investment Week brings you a timeline of the country's economic turmoil in 2010.

On Saturday, close to 40,000 enthusiastic shareholders made the pilgrimage to Omaha, coming from all over the world to attend the "Woodstock for capitalists".

Even the great Warren Buffett, who has successfully negotiated a number of crisis situations in his time, has admitted he would not want to be responsible for tackling the UK's debt problem.

As thousands of investors poured into Omaha last weekend to attend the Berkshire Hathaway annual shareholder meeting, many pondered the unthinkable... life after Warren Buffett.