News

The Financial Ombudsman (FOS) has agreed to defer by three months its decisions on complaints relating to Lehman Brothers-backed structured products.

Private equity investment across Europe fell by 65% to €8.5bn in H1 compared with the second half of last year, according to the European Private Equity & Venture Capital Association (EVCA).

Warren Buffett's Berkshire Hathaway investment conglomerate has admitted it may have miscalculated the downside risks to the fall of the global markets last year, writes The Telegraph.

The London-listed J.P. Morgan Private Equity has completed its latest round of fundraising, exceeding its target of $50m by $25m.

Speculation about Middle East investment in UK property firms has boosted the FTSE, which hit a ten month closing high yesterday.

Brown Shipley has finalised its overhaul of its Solus fund range following overwhelming shareholder approval at the EGMs held on 12 August.

The Dow Jones has fallen in early trading today as US retail sales suffered an unexpected drop in July.

The Insight Investment Monthly Income fund and Absolute Insight UK Equity Market Neutral fund will keep their OBSR ‘A' ratings, despite the group's sale to BNY Mellon.

Skandia Investment Group's James Millard believes the recovery in equity markets will continue for the next few months and favours Asian stocks over the UK and Europe.

Legal & General Investment's Tim Drayson says there will be considerable lags from the injection of QE, and a strong risk recovery will be hampered by a lack of availability of credit.