News

Fund managers including Schroders' Andy Brough have attacked Labour's plans for a ‘Cadbury's Law' to protect UK companies from foreign takeovers as unworkable, costly and a threat to Britain's standing as a global financial centre.

Investment advisers have hailed the announcement Anthony Bolton's Fidelity China Special Situations fund had raised £460m from its initial public offering as "a bloody good result".

China could prove to be the investment opportunity of a lifetime over the longer term, Skandia Investment Group (SIG) CIO James Millard believes.

Anthony Bolton's Fidelity China Special Situations trust has raised £460m in one of the UK market's most successful fund listings for 20 years.

The FTSE climbed 0.9%, or 49 points this morning, boosted by British Airways and mining stocks.

Optimism on the economic recovery led by US retail data from March led most Asian stocks to gain slightly on Friday.

The chief executive of F&C Asset Management collected a £1m cash-and-shares bonus last year as the spotlight turns on fund manager pay in the wake of the financial crisis.

Martin Currie has closed its China hedge fund to new subscriptions after assets under management reached $203m.

European leaders still fail to see how quickly the Greek debt crisis could spiral out of control, says Liontrust Asset Management's Simon Thorp.

Interest rates have been kept on hold at 0.5% by the Bank of England.