News

Prominent bond fund managers paint a gloomy picture of Western government bonds.

Gartmore's Neil Rogan believes 2010 will see a sharp recovery in corporate profitability with valuations increasing by up to 15%.

Barings' William Fong believes the interest rates in China will continue to rise but concerns of an asset bubble have been overdone.

In early trading, the FTSE was steady as a response to President Obama's statement on banking regulation, rising 0.1% to 5343.23, however financial stocks fell as UK markets opened.

China's economy grew by a greater-than-expected 8.7% in 2009 - putting the country on course to overtake Japan as the world's second biggest economy.

KRAFT'S largest shareholder, Warren Buffett, condemned the company's proposed £11.9bn takeover of Cadbury as a "bad deal" yesterday, saying he felt "poor" as a result, reports The Independent.

RWC Partners has hired Lakshman Harendran to its convertible bond team, which had been depleted after the unexpected departure of lead manager Miles Geldard in November.

Aegon Asset Management has bolstered its European equity team with the appointment of Pauline McPherson as a senior investment manager.

Thames River Capital has hired Dahlia Verjee as a senior trader on its global credit team.

Standard Life has been fined £2.45m by the FSA for serious failures relating to its Pension Sterling fund.