News

Global equity markets continued to slide last month declining 0.58%, according to Standard & Poor's The World by Numbers monthly report.

The FTSE 100 dipped closer to the 4,000 mark this morning, with miners again dragging the index down.

Threadneedle was the big winner in last night's Investment Week Fund Manager of the Year Awards, landing the prestigious Group of the Year accolade at the Royal Albert Hall.

Castlestone Asset Management's Collection of Modern Art fund has picked up several new holdings, including pieces by Pablo Picasso and Andy Warhol.

The Dow Jones has risen 23.84 points (0.58%) to 8183.40 after the US aluminium giant Alcoa revealed better than expected results.

Strengthening global money supply and increasing activity are positive signs but real economic risks persist warns Henderson's Simon Ward.

Cornelain Asset Managers has hired Richard Alexander, former director Global Equity dealing at BlackRock Investment Management, as associate director Investment Operations.

F&C Asset Management has appointed Jacob de Wit, head of fixed income, and Richard Wilson, head of equities, to the group's executive committee, following the company's demerger last week.

The Bank of England has shocked the City by freezing its quantitative easing programme and keeping interest rates on hold.

Aviva Investors' fund manager Mervyn Douglas says the equities rally does not mean the asset class is overvalued.