News

The Witan investment trust has handed a £120m pan-European mandate to Marathon Asset Management.

Banks are once again leading the FTSE 100 gains in early trading, after a number of stocks soared upwards of 10% yesterday on the relaxing of Basel III rules.

St James's Place (SJP) reported a group operating profit of £162.1m for the first half of 2010, up 60% on £101m for the same period in 2009.

Rathbone Unit Trust Management has continued to suffer redemptions from investors over the first half of the year, with the group posting a £41m net outflow.

The Bank of England has made a £5.5bn full-year loss on the assets bought under its quantitative easing (QE) programme to prop up the battered UK economy.

Investment guru Jim Rogers believes another recession will be due in about 2012, but the difference next time will be the inability of central banks to throw cash at the problem.

People being assessed for their ability to work are overwhelmingly being found fit and able to look for a job, according to new figures out today.

The Government Commission on the funding of care and support long-term should not consider paying for long term (LTC) care solely through general taxation a think tank has found.

A financial manager who swindled more than £2m from Friends Provident has been sentenced to three years in jail.

Barclays, RBS and Lloyds shares have all rocketed today on news the Basel Committee plans to water down its capital and liquidity reform package.