News

Morgan Stanley has issued an alert on corporate bonds after an explosive rally, reports the Telegraph.

The FTSE 100 fell sharply on opening this morning, with another poor day in Asia cancelling out yesterday's gains for London's blue chip index.

Tim Steer will take over the Artemis portion of Skandia's UK Strategic Best Ideas fund, five months after losing his mandate following his departure from New Star.

Northern Rock has announced it will stop paying interest on some of its bonds until further notice.

Thames River and Nevsky Capital saw gross inflows in excess of £2.4bn in the seven months to 31 July 2009.

The Dow Jones climbed in early trading on Tuesday despite a marked slump in US housing starts.

A former Credit Suisse banker has been found guilty of fraud after deceiving investors into buying risky investments that led to $1bn (£610m) of losses.

UK inflation measured by the Consumer Prices Index (CPI) remained steady in July at 1.8% from the previous month, Office for National Statistics figures show.

Hargreaves Lansdown has added the Insynergy Odey fund to its Wealth 150 list.

A strong start for the mining sector this morning is helping the FTSE 100 rebound from yesterday's 1.4% decline.