News

The FTSE 100 has opened lower this morning as investor confidence was dented by weaker Asian markets overnight and a flat US session on Monday.

The Dow Jones hit a fresh year-high this morning after Federal Reserve chairman Ben Bernanke said the US economy is nearing recovery.

Investec Structured Products has unveiled the FTSE 100 Bonus Income plan in its latest suite of product launches.

Graham Ashby and the former Credit Suisse income team have arrived at LV= Asset Management, assuming control of the group's UK Growth and UK Equity Income funds.

Scottish Widows Investment Partnership has launched its UK Enhanced Equity fund, a vehicle using call options in a bid to provide additional returns over the FTSE 100.

HSBC has unveiled its first European ETF, the HSBC FTSE 100, which will be launched tomorrow on the London Stock Exchange.

The UK's leading share index powered to a new year high on fresh hopes that an economic recovery in on the cards.

The FTSE 100 continues to advance this afternoon, adding 60.29 points (1.27%) to 4816.87 at 2.30pm.

Allianz Global Investors is set to launch a Ucits III version of its Discovery Europe fund in October.

Hargreaves Lansdown has removed the UBS UK Smaller Companies fund from its Wealth 150 recommendation list.