Markets
News by: Sarah Miloudi
Monti eurobond hopes help FTSE edge up
Following Thursday's bleak news about eurozone growth, Mario Monti, Italy's prime minister, raised traders' hopes with his optimism about eurobonds.
Short sellers flock to Facebook
Around 33 million of the shares sold by Facebook at its IPO have been borrowed, a technique used by short sellers who hope the price will fall after the shares have been sold on.
FTSE firms despite double dip shock
After an early recovery, UK stocks trimmed their gains as Britain's fall back into recession during the first quarter was confirmed.
UK recession gets worse: safe haven status rumbled
The UK recession has been confirmed by worse than expected 0.3% contraction in the economy in the first quarter, raising more questions about its safe haven status.
FTSE ends session 136pts down as Greek fears mount
The FTSE 100 has ended the day in red after eurozone officials urged members to plan for a divorce.
Swip cherry-picks 15 for equity high alpha push
Scottish Widows Investment Partnership has named the fund managers who will drive its high-alpha strategy for global equities.
Smith & Williamson to roll out 'clean' RDR share classes
Smith & Williamson's multi-manager funds are to get RDR-friendly 'clean' share classes in time for August.
Rathbones adds to Edinburgh team with WdB hire
Rathbone Investment Management has hired Williams de Broe's Keith MacKenzie, who will join its team in the Scottish capital as an investment manager.
The FSA's 166-rule costing discretionaries millions
The regulator has used its powers 114 times to order ‘skilled person’ reports in the past year alone, sparking fears it may be burdening wealth managers with unnecessary costs.
Brevan Howard: the China picture is darkening
Recent data from China has been poor and hedge fund Brevan Howard fears the Tiger may be losing its battle of balancing continued growth with controlled inflation.
Man Group acquires FRM Holdings for $82m
(Update) Man Group has agreed to acquire the entire issued share capital of FRM Holdings in a deal that sees it become the largest non-US based independent fund of hedge funds provider.
Credit Suisse weighs £60m Johim sale
Credit Suisse is considering the sale of wealth manager JO Hambro Investment Management, according to reports.
Smith & Williamson hires former Amundi director Brooks
Former Amundi director Rae Brooks has joined Smith & Williamson's investment management division.
Posen waivers on QE as his MPC exit is unveiled
Adam Posen has said he became too hopeful about the outlook for Britain and may have been premature in removing his support for more quantitative easing.
Angelos Damaskos' take on the gold bear market
The precious metal has plunged into bear territory because of market volatility, rather than on the back of truly weak sentiment, Junior Gold manager Angelos Damaskos believes.
Coutts hires ex-Credit Suisse UK client head Sarosy
Coutts has hired Paul Sarosy as managing director and head of investment solutions.
Neptune's Burnett: more than 50% chance of positive Europe surprise
The bears say Europe is broken beyond repair, but Neptune European star Rob Burnett believes Spain will fix its banks with a €60 billion cash injection and Berlin will soften on austerity.
Markets fall deeper into red on Spanish bank fears
European markets continue to slide as the beleaguered eurozone nation is expected to fall behind on its austerity plan.
F&C set for US trust launch
F&C Asset Management is set to launch a closed-end US fund, following on from its review concentrating on wholesale and consumer business, Wealth Manager understands.
King plans for single currency break up
The Bank of England governor has confirmed plans are being drafted for a dissolution of the single currency, as eurozone woes deepen and drag markets down.
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