News

The eurozone economy has left recession with economic growth of 0.4% between July and September.

The FSA has fined and banned a former UBS employee for helping cover-up unauthorised trading losses.

Former Cofunds director, Mark Campbell, has passed away after a two year battle with cancer.

The volume of SRI assets in the UK fell 17% this year as a result of a high equity exposure, according to European social responsibility ratings agency Vigeo.

US equities finished higher in another round of fairly quiet trading on Wednesday, underpinned by upbeat economic data out of China and Japan overnight.

Meteor Asset Management has been given the all-clear over its marketing and sales of Lehman-backed structured products, allowing it to begin launching a range of open-ended funds.

F&C's Fatima Luis is planning to reduce her exposure to high yield names by at least 10% in both her £125m Extra Income Bond and £225m Strategic Bond funds.

Sales at Resolution, owner of Friends Provident, have fallen 28% so far this year.

Inflation in the UK may rise 'sharply' over the next few months but is likely to fall back again in the medium-term, according to Bank of England governor Mervyn King.

Standard & Poor's Fund Services has assigned a new A rating to three Legal & General multi-manager funds.