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Bonds And Funds

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.

American billionaire George Soros buys stake in Manchester United

Crashing out of Europe can mean very different things to different people. Manchester United's early exit last year from the Champions League spelled a big hit to revenue and pride. George Soros, in contrast, made his name, and perhaps a billion pounds, when his Quantum fund bet that Britain would have to leave the European Exchange-Rate Mechanism in 1992. The octogenarian financier has now turned his attention to the Premier League giants. That could help lift investor sentiment about the recently floated Red Devils.

More headlines

£11bn profit from Northern Rock

Northern Rock's period of public ownership should generate a profit of up to £11 billion for the taxpayer over the next 10 to 15 years, the body responsible for the Government's bank investments said today.

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.