News

Hedge funds are not to blame for recent blow-outs in the spreads on Greek bonds, new research suggests.

The Dow Jones has opened more than 1.2% higher in early trading as investors reacted positively to signs Greece could get help from the European Union.

Fidelity is planning an initial £630m capital raising for Anthony Bolton's China Special Situations PLC.

FSA chief executive Hector Sants will step down in the summer after three years in the role.

Legal & General Investment Management plans to merge its £34m Japanese trust into its tracker equivalent, with manager Andrew Nagele and team set to leave the group.

The FTSE 100 opened flat Tuesday after a slump in financial stocks sent the Dow Jones to its first close below 10,000 in three months.

Traders are making record bets against the euro, underlining the mounting alarm over the region's debt crisis.

Skandia Investment Group has introduced the JPM Global Financials fund to its flagship £800m Skandia Global Dynamic Equity fund.

Royal London Asset Management has launched a global index-linked bond fund aimed at hedging against potential inflation, but at higher yields than currently available in the UK.

Aegon Asset Management is set to launch its first UK absolute return fund by the end of Q1.