News

Old Mutual Asset Managers has postponed the launch of its UK Specialist Absolute Return fund as manager Luke Kerr reduces his work commitments for a few months to focus on his health.

Portugal's credit rating has been downgraded by the Fitch agency on concerns over its debt levels.

The Swiss franc rose to a record high against the euro yesterday despite the Swiss National Bank's efforts to avoid excessive gains for the currency.

Banks were told to brace themselves for "payback time", as Alistair Darling put the finishing touches to a Budget that will propose new bank taxes and force them to improve the way they deal with customers and small businesses.

As the deadline approaches for subscriptions into Anthony Bolton's much-anticipated Fidelity China Special Situations investment trust, IFAonline and Investment Week bring you more than 20 of the legendary stock picker's favourite investment quotes.

Chancellor Alistair Darling has decided to freeze all income tax bands in the Budget this afternoon, to fund another increase in public spending.

The Pre-Budget Report (PBR) should, according to the Treasury, "encourage debate on the proposals under consideration for the Budget". But can you remember the Chancellor's key messages from December?

Fund managers have hailed the approval of a landmark healthcare reform bill in the US as a significant step in removing the uncertainty that has plagued the sector for the past two years.

Up to 180 offshore funds will be listed in IMA sectors from 1 April, with the majority already admitted set to reside in the Specialist category.

HSBC is to launch its Japanese equity ETF tomorrow, which will track the MSCI Japan Index.