Warren Buffett has weighed into Kraft's hostile takeover bid for Cadbury, warning the US giant to not use too much of its stock to finance the proposed £10.4bn deal.

SWIP has launched its third multi-manager vehicle for duo Mark Harries and Simon Wood, the Optimal Multi-Asset fund.

US stocks reached 15-month highs on Monday, with both the Dow Jones and S&P 500 up at least 1.5% on the first trading day of 2010.

Manchester United is considering a £600m bond issue in an effort to curb its debts.

The FTSE 100 has climbed to a fresh 15-month high of 5,451.79 this morning, with the 0.72% rise continuing the strong gains posted over the festive period.

Max King, strategist and portfolio manager at Investec Asset Management, looks back over some of the developments of the past year and notes some key areas to watch in 2010.

Alliance Trust Asset Management has unveiled a high-conviction European Equity fund for former Scottish Widows veteran Fiona MacRae.

Henderson has agreed the final sale needed in order to re-open its New Star International Property fund, which has been suspended since 25 November 2008.

Police are investigating alleged fraudulent activity by former Rowanmoor Pensions joint managing director David Seaton, who died in September.

Specialist funds proved to be the most profitable for investors over the course of a volatile 2009, with 12 of the top 20 performing vehicles coming from the diverse sector.