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 19 September 2008
Suddenly life is exciting for Lloyds TSB. For years, Britain's biggest current account provider was the poor relation of British banking as its pedestrian growth in UK retail and mid-level corporate banking was outshone by fast-growing rivals riding the wave of cheap credit and globalisation.
Thursday 18 September 2008
The Bank of England has announced a surprise extension to its Special Liquidity Scheme.
Tuesday 16 September 2008
The collapse of Lehman Brothers is putting significant strain on the giant, opaque, market for credit default swaps, in which investors buy protection against the risk of corporate defaults, and reinvigorating longstanding calls for improved regulation of the markets.
Monday 15 September 2008
The American insurance firm AIG, the principal sponsors of Manchester United, have fallen into a "liquidity crisis" and are seeking the help of the US Federal Reserve. It is, as yet, unclear how this will affect Manchester United, whose jersey carries the logo of AIG.
Monday 15 September 2008
Like the passing of the dinosaurs, the great beasts of Wall Street are dying off, extinguished by what is now unambiguously the worst financial crisis since the Great Depression.
Saturday 13 September 2008
There's an old maxim in the wine trade that the best way to make a small fortune out of wine is to start with a larger one. Despite the occasional headline splash of untold riches made from fabulous rare bottles, like the 1811 Château d'Yquem which recently fetched £37,900, the mundane truth is that successful investing in wine requires a combination of caution, knowledge, experience and skill; and add a dose of luck for good measure.
Wednesday 10 September 2008
Betfair, the betting exchange which holds a dominant position in the market, has dismayed its customers and delighted its rivals by hiking charges for the most successful punters from around five per cent to 20 per cent.
Tuesday 09 September 2008
The FTSE 100 was up 53 points at 5499.3 while the FTSE 250 was down 9.4 points at 9260.6 at 12.10pm today. The London market was busy as traders attempted to make up for last night, when technical errors at the exchange kept them for transacting business for almost seven hours.
Thursday 04 September 2008
Tuesday 02 September 2008
An intimate little affair after Beijing but the Royal Albert Hall could not have been fuller. The Lang Lang Olympics were about to commence. A little Sunday-afternoon Mozart – Piano Sonata in B-flat major – eased us into the first lap, articulated with such deftness that the idea of the piano as a percussive instrument seemed almost absurd. The slow movement took on a mystical quality, the dynamics so refined as to lend a whole new meaning to the term "Chinese whispers".
Thursday 28 August 2008
Cabinet ministers will give Gordon Brown "one last chance" to save his premiership but will try to oust him by November if he fails to improve Labour's prospects.
Wednesday 27 August 2008
Bovis Homes has slashed its dividend and cut 400 jobs as it grapples with the deepening housebuilding slump. More big cuts in the price of its homes are also planned as it tries to tempt buyers.
Tuesday 26 August 2008
Housebuilder Bovis Homes said today it was braced for further tough conditions after reporting a 80 per cent slump in half-year profits.
Friday 08 August 2008
Barclays said yesterday that the worst stress of the financial crisis has passed as confidence and liquidity starts to return to the money markets.
Wednesday 30 July 2008
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
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- 4 Alicia Keys leaks nude photo 'to create a kinder and more peaceful world'
- 5 Clothes store Joy angers mental health campaigners with Twitter exchange on bipolar disorders