Markets
News by: Sarah Miloudi
Bootle: Europe's ‘mega crisis’ will drag the UK in
Capital Economics founder Roger Bootle has warned the eurozone is headed towards a ‘mega crisis’ and says a straightforward break-up is now the best possible outcome for the monetary union.
FTSE tests 5,500 on strong German growth
Markets have made tentative moves up on German economic growth, but concerns about a Greek exit from the eurozone and Moody's downgrade of 26 Italian banks continue to linger.
F&C poised to expand range as review enters second phase
(Update) Edward Bramson's asset manager will target growth with the launch of a raft of new products and by introducing directly marketed multi-manager and multi-asset products.
JP Morgan's Drew to exit with $32m
Ina Drew, the woman who oversaw the department at the centre of a failed derivatives strategy that cost JP Morgan Chase & Co $2 billion, is set to receive a $32 million pay out on her departure.
Plackett and Prentis back strongest to get stronger – and short the rest
The Throgmorton Trust team is playing a theme of the ‘strong getting stronger’ by shorting companies weighed down by debt and buying into names shielded from the economic turmoil.
Why Standard Life's AA-rated Moore bought Barclays
Last year's underperformance has left the bank attractively priced, says Standard Life Investments' AA-rated equity income manager Thomas Moore.
Ashcourt Rowan and Cofunds join forces for platform
The wealth firm has teamed with Cofunds to create an adviser platform proposition as part of chief executive Jonathan Polin's ambitious plans for Ashcourt Rowan.
Why Morgan Stanley believes gold may hit $2,175 in 2013
The bears may be warning on bullion after spot gold hit a four-month low, but investment bank Morgan Stanley three signals turned it a bullish buyer of the precious metal.
Insight currency fund handed to Wahl as Thomas exits
Insight Investment's Dale Thomas has quit, with his Absolute Insight Currency fund being handed to Max Wahl and Richard Nibloe until a successor is found.
Greek stalemate forces bunds to 1.45% record
The FTSE 100, European and US markets have opened in red as political deadlock in Greece raises the likelihood of an exit from the eurozone.
JP Morgan probes $2bn loss as Dimon admits he was 'dead wrong'
The bank chief has said he was wrong to bat off questions linked to the strategy, as JP Morgan investigates its London-based traders role in the loss linked to its failed derivatives strategy.
QE likely later this year as MPC weighs inflation risk
The Bank of England has held interest rates and asset purchases constant, biding its time tp so it can assess the risk of inflation and credibility of weak activity data.
What Terry Venables can teach you about fund picking
El Tel’s tactics go beyond football and the ex-Spurs, Barcelona and England manager can teach a thing or two about strategic fund selection, said Oldfield Partners' Richard Oldfield.
Funds in line for €20bn rebate on French withholding tax ruling
(Update) The European Court of Justice has ruled foreign funds investing in French firms will no longer be liable to pay a discriminatory withholding tax on dividends.
Paul Abberley named Aviva Investors' interim chief
Aviva Investors has appointed Paul Abberley as interim chief executive following on from the departure of Alain Dromer.
Nigel Wilson lands top job at L&G
Legal & General has appointed Nigel Wilson as chief executive, to replace the departing Tim Breedon.
Roubini fears Spanish exit as Madrid takes 45% Bankia stake
Nouriel Roubini has warned Spain could exit the eurozone as Madrid moved to take over Bankia, the country's fourth biggest lender.
Rathbones grows 8% in Q1
Private client stockbroker Rathbone Brothers has seen its net income rise by double digits over the first three months of the year, and its funds under management jump by more than 8%.
Aviva and BlackRock hold talks with Cable over exec pay
City investors including Aviva and BlackRock have turned to business secretary Vince Cable as the debate over executive pay rumbles on.
Dr Doom warns on gold as spot price hits 4-month low
Marc Faber has warned that precious metal gold may not perform over the near-term, as renewed fears about the eurozone pushed the spot price to its January low.
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Omam's Stewart Cowley on the domino effect of a Greek exit
Greece set for hyper inflated Drachma
