A new European income fund of funds, to be managed by Sheffield-based Integrity Fund Managers, will launch on 7 July with a high-yield remit.
More than a third of a million jobs will be lost to the economy over the next 18 months, according to a survey of business leaders, The Independent reports.
Standard Life has presaged that a large proportion of the population will see their retirement income eroded by the cost of living in light of rising inflation.
The City regulator has ended its investigation into the short selling of HBOS shares despite repeated attacks on the bank that last week pushed its stock price below the level of a planned rights issue, The Guardian reports.
FBI agents arrested two former Bear Stearns hedge fund managers at their homes yesterday, the first Wall Street executives to be formally charged by the US Government in relation to the credit crunch, The Times reports.
Raiffeisen Capital Management is to move the global equity portions of a number of its funds from Capital International to Investec from this summer.
Fidelity International's Fidelity Active Strategy, or Fast, funds range has been converted to Ucits III and is now being made more readily available to investors across Europe.
Morgan Stanley yesterday became the latest financial services group to fall victim to a rogue trader as it admitted that it had suspended a credit trader in London for trying to hide losses of about $120m (£61.3m), The Times reports.
Royal London is to merge its newly acquired Scottish Provident International Life Assurance business with its Scottish Life International division, in order to compete "more aggressively in the international marketplace".
Odey Asset Management, a Mayfair-based company founded by Crispin Odey in 1992, has established a wealth management operation in Guernsey to provide investment services and advice to individual clients.