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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Tuesday 08 June 2010
The public relations offensive to prepare the ground for the emergency Budget has begun. Yesterday, the Prime Minister, David Cameron, gave a speech in which he declared the paramount importance of reining in public spending. And today, the Chancellor, George Osborne, and the new Chief Secretary to the Treasury, Danny Alexander, will unveil the framework for this year's Comprehensive Spending Review and signal a determination to learn lessons from successful fiscal consolidations abroad.
Saturday 05 June 2010
Monday 31 May 2010
The chief executive of the London Stock Exchange has launched a stinging attack on the German government's unilateral decision to ban so-called "naked" short-selling in some financial stocks and bonds.
Wednesday 26 May 2010
The rate at which banks lend to each other leapt to 10-month highs yesterday, marking their declining confidence as the fear of contagion sweeps Europe.
Friday 21 May 2010
Shares of the iPad maker Apple soared 40,000 per cent and traded at $100,000 apiece during the "flash crash" of 6 May, it was revealed yesterday. More details have emerged of the chaotic 20-minute trading period, when the US stock market fell 9 per cent before just as suddenly rebounding, including the fact that aberrant trades were by no means all in one direction.
Wednesday 21 April 2010
Chief executive Vikram Pandit said yesterday that Citigroup has proved its doubters wrong and is now "positioned for growth".
Wednesday 21 April 2010
Roger Trapp: 'Zombies are all the rage in the movies and books this year. So it should not really be any surprise that they have entered the business language'
Monday 12 April 2010
“Zombie banks” first emerged as a term in the late 1980s and came to be associated with the crisis that affected Japan in the 1990s, turning a once-thriving economy that was the envy of the world into a byword for stagnation. Now, Mark Thomas of the management consultants PA Consulting claims that the financial crisis that started in the autumn of 2008 has left behind a “zombie economy”. In his recently-published book of the same name, he states: “Even though many countries are emerging from a technical recession, the crisis has created a new class of groups and institutions which, although not completely ceasing to exist, have lost the ability to function normally.” As he explains, this means that, while these organisations do not cease to exist, they have become unable to perform the functions “that we expect of them in supporting growth of the economy.” Accordingly, zombie banks cannot lend as we need, zombie consumers cannot consume as we need and so on.
Sunday 11 April 2010
Wednesday 31 March 2010
Saturday 13 March 2010
Wednesday 10 March 2010
Hopes of increasing mobile internet use helped Vodafone to weather a weak session on the benchmark FTSE 100 index last night.
Wednesday 03 March 2010
The cost of the financial crisis may be much less than was initially feared, the chairman of the Financial Services Authority said yesterday.
Wednesday 09 December 2009
Owing to the unrealistic terms of reference imposed by the Government, the valuer has confirmed our submission to the courts: that this "compensation" scheme is a "no compensation" scheme by a Government in denial.
Monday 07 December 2009
There are some companies on Aim that like to keep a low profile, and others that have a low profile even if they do not want it. Others, its seems, cannot avoid getting into the public eye. Petra Diamonds, the Aim-listed miner, last month earned $6.28m by selling a 168-carat white rock, dug from its Cullinan mine in South Africa this year.
Sustained immigration has not harmed Britons' employment, say government advisers
British jihadist calls for 'flag of Islam' over Downing Street and Buckingham Palace
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
- 4 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1