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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Friday 04 December 2009
The European Central Bank is to begin withdrawing its massive support for the European single currency zone's financial system, despite warning that the economic recovery is likely to be fragile and patchy next year.
Thursday 03 December 2009
While he has publicly expressed doubts about the Bank of England's policy of quantitative easing – the injection of £200bn into the economy – and voted, in a minority of one, against the last extension of the programme, the Bank's chief economist Spencer Dale yesterday delivered an upbeat assessment of QE's success. "[The economy] appears to have turned," Mr Dale said.
Wednesday 25 November 2009
Outlook The scale of the loans provided in October 2008 to HBOS and Royal Bank of Scotland are breathtaking, but the fact the Bank of England has managed to keep them secret until a time of its own choosing is also interesting. A little over a year previously, when news leaked out that the Bank was providing emergency funding to Northern Rock, there was a noisy protest that the lender of last resort could no longer intervene discreetly before banking crises got out of hand. But this is exactly what the Bank then managed to do at HBOS and RBS, thanks to new powers given to it following the Rock affair.
Friday 13 November 2009
Anthony Rose picks the perfect wines for the party season - and highlights the deals that will make Christmas less painful.
Wednesday 04 November 2009
Tuesday 27 October 2009
The banks have to understand that we are all in this together. I am today calling on the Treasury and the FSA to combine forces and stop retail banks - in other words the banks that lend directly to businesses and families - paying out profits in significant cash bonuses. Full stop.
Tuesday 27 October 2009
Nearly 26,000 shops went out of business in the first nine months of this year, with multiple retailers as badly affected as independents.
Liquid assets: If a garden is properly looked after, there's less need for watering than you might imagine
Saturday 17 October 2009
Dictionaries are wonderful time-wasters. I've just looked up "sustainable" in mine and been waylaid by Sussex spaniel ("a short-legged breed of spaniel with a golden-brown coat"), sutra ("Sanskrit sayings on Vedic doctrine") and sutler ("a merchant who accompanied an army in order to sell provisions to the soldiers").
Wednesday 07 October 2009
Saturday 03 October 2009
Thursday 24 September 2009
The banking system is stable. House prices have fallen much less than anticipated. Big emerging economies have proved far more robust than we feared. The Bank of England mid-point forecast suggests fairly robust UK growth over the next three years. But we need radical change.
Thursday 10 September 2009
Wall Street's top broking firms, including Goldman Sachs, Merrill Lynch and Barclays, are buying a stake in a major US options exchange, as the war for a share of the $1.9trillion options trading market hots up.
Thursday 03 September 2009
Saturday 22 August 2009
US Outlook: With each passing day, it seems the lessons we learned when the credit crisis reached its crescendo are becoming fuzzier, harder to grasp at or even slipping away. One of the symptoms of this is the ease with which the language of Wall Street has begun to reassert itself in the debate about how to reform finance.
Saturday 15 August 2009
The stars of the Premiership are known for splashing their cash on fast cars, champagne cocktails and the expensive tastes of their glamourous wives and girlfriends.
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
- 1 Lego letter from the 1970s still offers a powerful message to parents 40 years later
- 3 Green Party Caroline Lucas interview: 'We could be on the edge of something very big'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'