Equities

ALMOST THERE

Carmignac Gestion has followed Legg Mason in adding some of its flagship funds to the IMA's sector listings for the first time, while PIMCO is understood to be in talks to make a similar move.

Apple shares hit a new record of almost $681 a share in US trading overnight as investors continued to digest the fallout from a $1bn patent lawsuit.

Fidelity Worldwide Investment has handed its £1.1bn Japan Advantage fund to Mark Buffett as Ron Slattery steps down from fund management due to family circumstances.

Legg Mason has added its $1bn Brandywine Global Fixed Income fund and 16 other offshore offerings to the IMA's fund sectors for the first time.

OLYMPICS LEGACY

Former Polly Peck International (PPI) owner Asil Nadir has been jailed for ten years for stealing £29m from his businesses 20 years ago, the BBC reports.

The spot price of gold climbed by over 1% to $1,655 an ounce as the Federal Reserve said it is likely to ease monetary policy soon unless there is a sharp change in economic data.

Ignis grew its IFRS operating profit for the first half of 2012 to £19m, compared to £18m during the same period last year, despite difficult trading conditions and continued investment in the business.

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