News

Henderson New Star chief economist Simon Ward says patterns in previous recessions suggest the depth of the current downturn may have been overstated.

GLG's Japan CoreAlpha fund has been upgraded from an ‘A' to an ‘AA' rating by Old Broad Street Research.

On Wall Street, markets were slightly up after a turbulent start to trading after some positive jobs data was released.

The Bank of England will expand its quantitative easing measures by £50bn and will extend the range of gilts eligible for purchase.

The FTSE 100 has opened 1% higher this morning, with Lloyds once again soaring after its double-digit climb yesterday.

Schroders has recorded a £2.3bn net retail inflow in the second quarter of the year, as the asset manager's strong start to 2009 continues.

Aviva has made a profit of over £700m in the first half of the year but has slashed its dividend to just 9p.

Henderson Strategic Bond, managed by John Pattullo and Jenna Barnard, has surpassed £500m in assets under management.

The Dow Jones has tumbled in early trading, down 0.65% on the back of data showing US companies cut more jobs last month than economists estimated.

FTSE Group has partnered with India's stock exchange MCX-SX in order to offer a broad range of domestic and international indices to the Indian market.