News

The City's leading investment banks are falling over themselves to get a slice of the $700m in fees on offer from Prudential's record $21bn rights issue.

Barings is to launch a Middle East and North Africa (MENA) fund to tap into the region's growing economies.

Fund managers expect Europe - a forgotten player in investment terms - to emerge a "stronger player" from the Greek debt debacle.

Former 3i Group chief executive Brian Larcombe has joined the board of Investment Week's publisher Incisive Media as a non-executive director.

Aviva Investors has launched its fourth structured product linked to the FTSE 100 index.

The Standard Life Investments multi-asset team believes taking a long sterling position against the euro now looks attractive.

Threadneedle head of UK equities Leigh Harrison remains cautious in his long-term view of UK equities despite recent improvements in growth.

The euro has risen against the dollar this morning after the Greek government unveiled 4.8bn euros worth of austerity measures.

Nevsky Capital's Martin Taylor and Nick Barnes are to resign their duties on the firm's flagship emerging markets hedge fund in 12 months' time.

Financials rose this morning, but could not prevent the FTSE falling 0.2%, or 8.8 points to 5475.28.