News

Gartmore Group today announced an offer price of 220p per ordinary share for its initial public offering (IPO) on the London Stock Exchange, valuing the company at around £676m.

Fidelity is putting forward a number of big name managers across the investment spectrum for a series of adviser roadshows in the New Year.

HSBC Global Asset Management will merge its £26m American Growth fund into its £99m American Index portfolio following the former's struggle to outperform its benchmark.

World economies including the UK are likely to continue to recover and grow, according to the Organisation for Economic Co-operation and Development (OECD).

Fidelity's Anthony Bolton says the financial crisis is now over though he believes the true cost in terms of debt and regulation has yet to be paid.

The House of Lords EU Committee has written to Financial Services Secretary Lord Myners to express its concerns over "flawed" EU investment proposals.

London's leading shares surged in morning trading, with mining stocks leading the charge on the back of positive economic data coming out of China.

F&C has been replaced as manager of the £290m Foreign & Colonial Eurotrust following prolonged underperformance.

Cazenove Capital has acquired independent fund manager Thornhill for an undisclosed sum.

Gilt prices fell sharply yesterday as investors began to digest the Government's pre-Budget report and fears that Britain's credit rating will be downgraded intensified.