News

Scottish Widows Investment Partnership (SWIP) has appointed ex-BlackRock COO Archie Struthers as director of investment solutions.

The ABI has given its backing to the Treasury's simplified products proposal and highlighted the need for a government supported replacement to payment protection insurance (PPI).

Invesco Perpetual's head of investment Neil Woodford warns BP and Shell are not attractive even with higher oil prices.

Neil Woodford, Invesco Perpetual's star income fund manager, warns George Osborne's UK growth forecasts are too optimistic and expects growth to remain lower for longer.

Deutsche Bank has launched six ETNs on NYSE Arca, providing flat and leveraged exposure to international sovereign debt.

Harriett Baldwin MP is calling on the government to use a reprieve on red-tape for small businesses announced in the Budget to exempt small IFA firms from the RDR.

The pound has risen against the euro after UK GDP growth was reported as -0.5% in Q4 2010, slightly ahead of previous estimates of -0.6%.

Neil Woodford, one of the UK's most highly regarded fund managers, is to give his views on the UK economy and stock market as he addresses investors in a conference call later this morning.

The FTSE 100 is treading water this morning as investors await the final UK GDP reading for the fourth quarter of 2010.

The FSA has issued a warning to investors against dealing with unauthorised stockbroking firm Sino Trade Europe which it believes may be targeting UK customers.