Equities

Zimbabwean investment company Masawara, which is backed by Neil Woodford in the £18.6bn Invesco Perpetual income funds, has raised $50m towards its capital target since IPO last year.

An asset manager best known for winning a Sunday Times fantasy fund manager competition before establishing his own investment business has outperformed every one of his peers over the last three months, as markets suffered.

UK Equity Income saw a sharp spike in sales in September, reversing a trend prevalent in previous months, according to the latest trends on the Cofunds platform.

More than 150 UK domiciled funds - equivalent to 12% of the total universe of funds today - have raised annual management fees over the past decade, a new Lipper study has revealed.

Shares in RBS and Lloyds fell today as Moody's downgraded the senior debt and deposit ratings of 12 UK financial institutions, and said it expects the government will allow some smaller institutions to fail.

Billionaire investor George Soros has lost his appeal to have a 2002 conviction for insider trading of Société Générale shares thrown out.

In the latest Interactive Financial Adviser debate, our panellists from MFS, Newscape Capital Group and Threadneedle discussed Global Equities.

Philip Gibbs is to step down as deputy-manager of the Jupiter Financial Opportunities fund and manager of the Jupiter International Financials fund on 31 October.

The FTSE 100 made up some of the ground lost in recent days, gaining over 100 points in early trading, amid talk in Europe of plans to recapitalise the banking system.

The FTSE 100 has fallen as much as 3.5% as fresh eurozone concerns pushed the index down to the 4,900 mark.