News

European leaders have reached an agreement to bailout Greece, which is suffering from a huge debt crisis.

Net retail fund of funds sales totaled £3.9bn last year, almost four times the 2008 figure and the highest ever recorded.

London trading got off to a strong start Thursday, following positive results for Rio Tinto and rumours Aviva could be the target of a buyout bid.

Investors should be braced for a further European equities sell-off, Cazenove's Chris Rice says.

Legg Mason Global Asset Management has appointed State Street to provide its fund administration and custodian services in the UK.

A key estimate of UK GDP suggests output increased in the three months ending in January, but indications of a more substantial recovery are still wide of the mark, according to the National Institute of Economic and Social Research.

The Cautious Managed sector held on to its dominant sales position on Cofunds for January, but property continued to be the fastest-growing sector.

UK inflation is likely to have risen to around 3.5%, exceeding the Bank of England's (BoE) target for the third time.

Financials and British Airways pushed the FTSE slightly higher this morning.

Hargreaves Lansdown has posted a 16% jump in adjusted pre-tax profits for the six months to end 2009, to £43.1m.