Economics / Markets

NEW Star's Tim Steer believes his accounting background has helped his UK Alpha fund reach top decile on the fifth anniversary of its launch.

SOCIETE Générale Asset Management has boosted its UK investment team with the appointment of a new small and mid cap specialist from HSBC.

THE team behind the Henderson Strategic Bond fund believes UK GDP will remain fairly stable despite the slowdown in the US economy.

PHILIP Saunders, co-manager on the Investec Managed Growth fund, believes the recent interest rate rise has not benefited the UK equity market.

The FTSE 100 fell 1 point to 6202 today as stocks slipped into the red in afternoon trades as ITV and Icap topped the fallers on bid uncertainties.

The FTSE 100 is up 5.40 points, or 0.1%, to 6209.9 with Aviva and British Land leading the advance, while Rio Tinto Group is pacing falling shares.

The FTSE 100 has ended the day up 12.5 points, or 0.2%, to 6,204.5, as the mining and property sectors performed well.

In early trading the FTSE 100 has slipped 29.5 points, or 0.48%, to 6,162.5, with broadcaster ITV one of the biggest losers so far.

The FTSE 100 has ended the day down 62.9 points, or 1.01%, to 6,192, as the mining sector extended its losses on the back of weaker metal prices.

The FTSE 100 is slightly down in early trading with a drop of 14 points, or 0.22%, to 6,240.9, with mining and energy stocks leading the decline.