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Mark Dampier: Britain's small-cap funds punched well above their

It's been a good year for stock markets. In particular, European and Japanese markets have made large gains. There is a lesson here for all investors: despite a poor economic backdrop, stock markets can perform well. This is often because much of the bad news is priced in and markets are focusing on improved corporate prospects. Similarly, it shows the most uncomfortable investment decisions often turn out to be correct.

Diary: What price to dine with the Prime Minister?

Donations of £250,000 a year will buy you dinner with David Cameron, the Conservative Party co-treasurer Peter Cruddas told undercover reporters in March. He had to resign as soon as his words – which Mr Cameron described as "completely unacceptable" – appeared in The Sunday Times.

United cash balance drops £100m

Manchester United's cash reserves fell by £100m in six months, in part to finance an investment in the squad attempting to win the fight for domestic supremacy with Manchester City.

Yahoo co-founder Jerry Yang quits

Yahoo co-founder Jerry Yang is leaving the struggling internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

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