News

The current commercial property recovery is not being driven by fundamentals and could be short lived, according to HSBC Open Global Property fund manager and head of multi-manager Guy Morrell.

OBSR has upgraded Richard Woolnough's M&G Optimal Income fund from an A rating to AA.

Bill Mott has slashed the number of stocks in the PSigma Income fund from 120 to 70, as the manager gains conviction of where future growth lies.

Aviva today lifts withdrawal restrictions on its unit-linked UK Property fund.

Neptune founder and managing director Robin Geffen says the group will be avoiding Lloyds and RBS, labeling yesterday's rights issue announcements a "rescue operation".

HSBC says it will cut 1,700 jobs in the UK.

China has the potential to be the world's next asset bubble, PSigma Investment Management suggests.

The UK and European markets lag Asia and the emerging world for attractive small cap opportunities, Invesco Perpetual says.

Schroders' Richard Buxton is set to increase his stake in Lloyds after news of its exit from the Government Asset Protection Scheme and subsequent rights issue plans.

Legal and General Investment Management (LGIM) has reported new business for the first nine months of the year fell to £24.3bn, compared to £28.3bn for the same period in 2008.