News

The FTSE 100 has extended its gains this afternoon as Cadbury snubs Kraft's £10.2bn takeover approach.

Eclectica plans to create a daily dealing absolute return product for the retail market, utilising founder Hugh Hendry's decade-long track record in the space, Investment Week understands.

Impax Asset Management is launching an Asian Environmental Markets investment trust on the main market of the London Stock Exchange.

Wealth manager Brooks Macdonald Group is acquiring Canterbury-based Lawrence House Fund Managers Limited in its first acquisition since listing on Aim in 2005.

Fidelity's Trevor Greetham has boosted commodities exposure in his Multi Asset Strategic fund after the manager's investment clock model moved to the ‘overheat' phase for the first time since 2007.

Merchant Securities has acquired Belgravia-based IFA and wealth management firm Cavendish Young for a fee of up to £1.3m.

The FTSE 100 is being spurred forwards by Cadbury this morning on news the British chocolate maker has received a £10.2bn takeover approach from US goods giant Kraft.

Jupiter is launching two onshore unit trusts for Philip Gibbs, an international financials fund and a global absolute return vehicle, subject to FSA approval.

US blue chips barely moved off the starting blocks in opening exchanges despite Government data showing US unemployment in August reached its highest level since 1983.

Financial and consumer stocks are leading the European rally as corporate earnings continue to show strong signs of recovery, according to Fidelity International research.