News

The International Monetary Fund (IMF)'s bailout of Greece will be worth between €10bn (£8.7bn)and €120bn, German politicians said following a meeting with IMF managing director Dominique Strauss-Kahn today.

The eurozone is not offering Greece enough cash to get it through the debt refinancing is faces this year, managers believe.

Guillaume Rambourg is to return to Gartmore as an investment analyst as the firm names a new co-manager alongside Roger Guy.

Ian Vose, the head of Swip's global developed markets equities team, is to join Investec Asset Management.

The FTSE plunged a further 50 points in early trade Wednesday as the fallout following Standard & Poor's (S&P's) downgrading of Greece's debt to ‘junk' status continues.

Rob Burdett and Gary Potter will run the combined retail multi-manager business of Thames River and F&C, with Dean Cheeseman to head-up the institutional and Lifestyle range.

Skandia UK chief development officer Peter Mann will be named CEO of the business after Old Mutual announced Nick Poyntz-Wright is stepping down.

The FSA is taking a hardline approach after finding weaknesses in five banks' handling of customer complaints.

F&C plans to acquire boutique fund group Thames River Capital in a deal worth up to £53.6m.