Equities

Shares in Facebook tumbled to a new low overnight as one of the worst ever IPOs continued unabated.

FIVE THINGS

Massachusetts Secretary of Commonwealth William Galvin has reportedly issued Morgan Stanley with a subpoena as part of an investigation into Facebook's IPO, while two investors are taking legal action against Facebook, Nasdaq and Morgan Stanley following...

Scottish Widows Investment Partnership (SWIP) has confirmed the members of its revamped global equities team who will be staying following its overhaul.

HSBC has "postponed indefinitely" plans to move its headquarters from London to Hong Kong, its chief executive said.

Leading fund managers are divided over whether investors should participate in equity markets if central banks across Europe provide a further round of stimulus.

Greece will stay in the euro despite on-going political instability as the potential economic fallout from its exit would significantly hit global markets, a fund manager has said.

THE US of A

TOP PERFORMERS

The average UK growth & income trust has outperformed its open-ended counterpart by 6% per annum over the last ten years. Kieran Drake, research analyst at Winterflood Securities, explains why.