News

Gartmore's suspended fund manager Guillaume Rambourg used the Bloomberg instant messaging system to "direct" trades for nearly a year, the Sunday Times reports.

Schroders, the largest shareholder in Gulfsands Petroleum, has called on the UK explorer to open talks with two Indian suitors.

Former chairman of the Federal Reserve Alan Greenspan believes there is "momentum building up" in the US economy and the chance of a double dip has fallen significantly.

Roger Guy reaffirmed his commitment to Gartmore and says he no intention of leaving following the suspension of his management partner Guillaume Rambourg this week.

The Aberdeen Asian Income fund has confirmed a total dividend increase of over 5% and says payments will be made quarterly from this year.

A total of 91 offshore funds will be added across 17 sectors of the Investment Management Association's classification system today.

Threadneedle has hired Insight's George Gosden to strengthen its Asian equity desk.

The FTSE was up in early morning trading at 5717.92, rising 38.28 points (0.67%).

Pimco managing director Bill Gross, who in January said gilts were "resting on a bed of nitroglycerin", now believes the UK is "decently positioned" to escape its debt crisis.

Roger Guy has hit out at the company's "excessive" internal compliance rules which he blames for the suspension of his management partner Guillaume Rambourg this week.