News

MarketGuard has launched a new insurance product designed to protect the value of a policyholder's index tracker in a downturn.

Ashmore is launching eight Sicav funds focused mainly on Emerging Markets.

A decision by the US Federal Reserve to keep interest rates on hold boosted sentiment in London this morning.

The World Bank has raised its 2010 economic growth forecast for China by 0.5% to 9.5%.

Deloitte's Roger Bootle believes the forthcoming Budget is unlikely to lessen near-term pressures on sterling asset markets but he is optimistic about longer term prospects.

European finance ministers have delayed a vote on controversial new regulations on hedge funds and private equity investments after failing to reach an agreement on proposed reforms.

Government plans to cut the budget deficit are not ambitious enough, a European Commission report will say on Wednesday.

The FTSE 100 was up 0.65% or 36.43 points to 5,630 early this morning as the rumoured RBS debt restructuring boosts financial stocks.

RBS could buy back £10bn of debt in an attempt to boost its capital strength and its standing with bond investors.

Mike Riddell has been named as the new lead manager on three M&G retail fixed income funds, replacing Jim Leaviss.