News

Markets worldwide are still being predominantly driven by macro economic news, according to Henderson Global Investors.

Ashburton is seeking alpha through recession-friendly consumer buys such as sausages, in its European Equity fund.

Fidelity's Ian Spreadbury has reduced the gilt position to his lowest-ever allocation on FIF Sterling Bond fund, taking it to 22%.

Asset management group Neuberger Berman is re-branding its Dublin-domiciled mutual funds business following its employee-led buyout from Lehman Brothers in May.

Barclays Wealth is to reissue the US and UK versions of its Super Tracker investment strategy.

The FTSE 100 was heading upwards this afternoon after a turbulent day of trading in London, up 18.38 points (0.43%) to 4,252.65.

OBSR has withdrawn the ratings on the F&C Stewardship Income and Stewardship Growth funds and removed them from its service.

Axa Isle of Man has teamed up with Royal Bank of Scotland to develop the Axa IoM Autobalancing fund.

The all-sector UK Purchasing Managers' Index (PMI) rose to 51 in June up from 50.4 in May indicating the fastest rate of acceleration since March 2008.