News

The FTSE opened higher this morning at 5,555.68, up 28.52 (0.52%), following gains in Asia and the United States overnight.

London & Capital has appointed Sanjay Joshi as senior portfolio manager on its fixed income team.

Mark Barnett's £489.25m Perpetual Income & Growth Investment Trust (PIGIT) is to issue B shares allowing distributions to avoid income tax charges.

The Euro regained some lost ground today as Greece went to market with a successful sale of 10-year bonds.

Eurozone interest rates have been held at 1% today for the tenth month in a row.

F&C's Multi Manager team has increased the overseas bond exposure in their £89m Cautious fund.

Old Mutual Asset Managers is to launch a Dublin-domiciled UK equities absolute return fund to be run by Luke Kerr.

Interest rates were today held at 0.5% by the Bank of England's Monetary Policy Committee (MPC), marking one year since they hit the record low.

Aviva Investors is to launch absolute return funds across a range of asset classes this year, according to group chief executive Andrew Moss.

The directors of Nevsky Capital's $3.3bn hedge fund are thought not to be actively planning to recruit replacement managers when incumbents Martin Taylor and Nick Barnes step down in 12 months.