News

Chancellor George Osborne has warned Britain still faces "painful cuts" in its efforts to achieve a stable economy.

Asia's major equity markets have fallen after data from China's services sector disappointed.

Dalton Strategic Partnership has cut the annual management fee on its Melchior Global Equity fund in a bid to offer retail investors alpha for the cost of a passive fund.

The High Court has ordered three companies involved in a £3.2m scam selling carbon credits into liquidation following an investigation by the Insolvency Service.

Royal Bank of Scotland (RBS) has settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a £700,000 bonus.

PIMCO's $244bn Total Return fund made its first annual loss since 1999 last year, as the sell-off in US treasuries and other fixed income asset classes took its toll.

Four Capital Partners' Mike Pinggera has removed positions in emerging markets, BRICs and Asia ex. Japan from his Multi-Strategy fund after recent losses.

Investors are too fixated on tapering in the US and are leaving themselves overexposed to risks across equity markets, according to Investec's Alastair Mundy.

Nouriel Roubini, famed for his gloomy predictions on the global economy, has become the latest bear to turn more optimistic over prospects for 2014.

Marlborough has rebranded its UK Leading Companies fund as the UK Multi-Cap Growth fund.