News

Moneygate has boosted its senior management team with three new appointments as the national IFA bids to grow the business ten-fold.

The FTSE opened more than 60 points higher Wednesday after hopes of rising demand in China offset fears Europe's debt crisis could hamper global growth.

Schroders' Andy Brough believes an eventual collapse of the euro would not be the Doomsday event many fear and could be the best scenario for many nations on the Continent.

Investec Asset Management, which runs over $4bn in active currency funds, believes sterling is the cheapest of all major global currencies.

Prudential's efforts to persuade shareholders to back its $35.5bn takeover of AIA, the Asian business of AIG, have been dealt a blow after an influential voting adviser to investors told its clients to vote against the deal.

The advisory businesses acquired by Honister Capital in 2009 helped the business turn a £2.2m profit earlier this year and boosted the group's capital position.

iShares is to launch a range of swap-based ETFs "imminently," ETFM understands.

The German Government plans to outlaw the naked short-selling of all stocks listed on its exchanges, enlarging last week's contentious ban on shorting key financial stocks.

As many as one in three advisers could leave the sector post-RDR as smaller firms struggle to survive and consolidation grips the industry, according to Bluefin Advisory Services.

The Financial Services Regulation Bill has confirmed the regulatory buck now stops with the Bank of England (BoE), not the FSA.