News

Risk appetite among investors in July was at its highest level since mid-2004, according to a survey by State Street Global Markets.

Lazard has bolstered its UK equity team with the appointment of Lloyd Whitworth.

Capita Financial Managers has suspended its collection of all charges from investors in the Arch cru fund range.

Growth fund managers are calling the end of the cyclical rally which drove returns after March's equity market low, according to Standard & Poors.

The F&C multi-manager team has sold its position in First State's Asia Pacific Leaders and switched into the Veritas Asian fund.

The FTSE 100 has this morning begun to reclaim some of yesterday's losses, with a buoyant Schroders ahead early on the back of an upgrade from Morgan Stanley analysts.

St. James's Place will replace the management on its £414m UK and General and £388m Greater European funds.

US blue-chip stocks have opened flat today as investor sentiment cooled following the two-week rally.

BlackRock CIO Bob Doll believes the US rally is gradually maturing into a more fundamental recovery following the best two consecutive weeks for the equity markets in nearly a decade.

The recession is over in Europe and the recovery will be V-shaped, according to Argonaut Capital's Barry Norris.