News

Gartmore has suspended high profile fund manager Guillaume Rambourg pending the outcome of an internal investigation in relation to trading breaches.

Strategic Bond funds were the best sellers amongst retail investors in February as they continued to rotate out of plain vanilla Corporate Bond vehicles.

Britain's emergence from an 18-month recession was stronger than first thought, according to revised ONS data.

Britain had its AAA credit rating affirmed by Standard & Poor's yesterday, but the ratings agency retained its negative outlook over continued deficit concerns.

The US Treasury expects to sell its 27% Citigroup stake before the end of the year as it looks to profit from one of the largest government investments of the financial crisis.

Mining stocks led the FTSE 100 up 25.69 points (0.45%) to 5,736.35 in early trading after the weaker dollar boosted gold prices.

Shares in Gartmore fell almost 4% on Monday amid continuing speculation about links between star fund manager Roger Guy and a broker caught up in a FSA investigation into insider trading.

Investec plans to take over the remaining 52% stake in investment management firm Rensburg Sheppards for £412m.

The Royal Bank of Scotland (RBS) has been slapped with a £28.6m Office of Fair Trading (OFT) fine for breaching competition rules.

The first televised election debate kicks off on Channel 4 tonight, with a predictable focus on the state of the economy.