The biggest fund manager story of 2013 was the resignation of Neil Woodford from Invesco Perpetual. As you will be aware, Mr Woodford will continue to manage the Invesco Perpetual Income and High Income Funds until he leaves at the end of April, following which he will set up his own company.
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Thursday 17 July 2008
Trinity Mirror was forced to make a formal statement on its financial health yesterday after analyst concerns spooked the market and the media group's stock dropped by 18.6 per cent in a single day.
Sunday 18 May 2008
One of the City's most high-profile economists, Rachel Lomax, is quitting her role as deputy Governor of the Bank of England at the end of June.
Jeremy Warner's Outlook: Banks and their capital needs – first they pay it out, now they want it all back again
Tuesday 29 April 2008
Sunday 27 April 2008
Thursday 24 April 2008
A three-way split appeared in the Bank of England's Monetary Policy Committee (MPC) when it met two weeks ago, it has emerged, potentially reducing the likelihood of further rate cuts in the months ahead.
Wednesday 23 April 2008
A rise in bad debts, the departure of its operating director and further write-downs on investments were not enough to prevent Bradford & Bingley insisting yesterday it had been right to rule out fund-raisings such as a rights issue.
Tuesday 15 April 2008
Today's breakfast meeting between Gordon Brown and executives from the financial sector will not be the first such get-together since Mr Brown became Prime Minister; but it will certainly be the most sombre. The global credit crunch shows no signs of abating and the threat of recession seems to grow larger by the week.
Jeremy Warner's Outlook: It ill becomes bankers who complain of lack of liquidity to be paying bumper dividends
Tuesday 15 April 2008
Friday 28 March 2008
Britain's banks were left short-changed again yesterday after the Bank of England made only £13.6bn available for them to borrow – nearly three times less than they wanted.
Thursday 27 March 2008
The Governor of the Bank of England yesterday pledged to continue supporting liquidity-starved banks, but stopped short of promising to buy worthless mortgage-backed securities.
Friday 21 March 2008
Anyone who thinks that the United States is the land where the free market is allowed to let rip while Britain is the home of regulation and state intervention should study the different reactions of central banks to the crisis in the money markets that has been with us since September.
Wednesday 19 March 2008
Saturday 08 March 2008
The US Federal Reserve moved to inject liquidity into the financial system yesterday as market turmoil increased and dire US employment numbers shook investor confidence.
Saturday 08 March 2008
Now into its third phase, that dastardly credit crisis simply refuses to go away. When the crisis first hit last August, I somewhat complacently dismissed it as just another temporary squall which would likely have an eventual cathartic effect by blowing off the excesses of the boom before they got completely out of hand.
Thursday 28 February 2008
When the monetary and banking regulators are worried we should really be scared, right? Er, no, wrong. The time for the rest of us to be concerned was when the regulators were too relaxed, as they were a year or more ago. Now that they running around saying that things are terrible I think we can start to relax a bit. That does not mean the banking crisis is past, for we still have a way to go. It is just the gradual correction process is taking place and that once that passes normal service will be resumed.
Board creates magnetic field to achieve lift
Singer says the track was 'force-fed down people's throats'
Endangered species spotted in a creek in the Qinling mountains
Company says data is only collected under 'temporary' identities that are discarded every 15 minutes
Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets
George Lucas criticises the major Hollywood film studios
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
London bus driver 'kicks gay couple off for kissing'
Lord Freud: Tory welfare minister apologises after saying disabled people are 'not worth’ the minimum wage
- 3 Drink alcohol and eat meat to improve male fertility - but cut down on coffee, studies suggest