citywire news
Investment Line: Has the recession permanently damaged UK GDP?
The Swedish central bank is regarded as one of the more transparent and sensible of its ilk.
Shares tread water ahead of US jobs data
UK shares made gains for the sixth day in a row but investors remain nervous ahead of today's US jobs data after recent mixed signals on the pace of growth in the world's largest economy.
HSBC may leave the UK if forced to split
HSBC has hinted it may consider moving its headquarters overseas if a commission on banking reform recommends banks split their investment banking arms from their retail operations.
Baillie Gifford Shin Nippon grows 10%
Niche Japanese smaller companies trust Baillie Gifford Shin Nippon has seen its portfolio swell by nearly 10% as rising demand in Japan's consumer, healthcare and industrial sectors ramped up returns.
RAB chief executive Couttie resigns
RAB Capital chief executive Stephen Couttie has resigned from the company after two years in the job.
BP says cost of Gulf spill has reached $8 billion
BP has revealed that the Deepwater Horizon rig disaster has so far cost it $8 billion (£5.19 billion).
Is it just plain wrong to buy bank shares?
Just a couple of years after the biggest banking crisis for generations the banking sector seems to be going from strength to strength. But while that makes them a tempting proposition for investors, it is also a reason why some people may want to think twice about piling in to their shares.
Cheeseman departs as Potter and Burdett take on F&C fund range
The F&C fund of funds range, previously managed by Dean Cheeseman, has been handed to Gary Potter and Robert Burdett.
Taxpayer owned RBS cuts another 3,500 jobs
State-owned Royal Bank of Scotland has announced it is set to cut anther 3,500 jobs in the UK but has decided to move some 500 jobs to the Far East, India and America.
Morning Line: Is it just plain wrong to buy bank shares?
Just a couple of years after the biggest banking crisis for generations the banking sector seems to be going from strength to strength. But while that makes them a tempting proposition for investors, it is also a reason why some people may want to think twice about piling in to their shares.
Pressure on the pound after more signs the recovery is slowing
Downbeat news on house prices and on construction sector growth added to evidence that UK economic growth may have already peaked, pushing the pound lower again.
BlackRock Commodities trust in £75m fundraising bid
Investment trust BlackRock Commodities Income aims raise up to £75 million through the issue of C shares.
From boob jobs to Mr Potato Head: Five US stocks to beat the downturn
The US may be set for a protracted period of low growth, but the market continues to throw up opportunities for the bottom-up stockpicker, says Ignis's Terry Ewing.
Falling sales force Burger King to put up 'for sale' sign
Faced with falling sales, the world's second largest burger chain Burger King has asked a number of private equity firms whether they would be willing to make an offer for the group, but rumoured bidder 3i has said it is not in takeover talks with the business.
Global markets surge after forecast-busting US manufacturing data
After a miserable performance in August, global stock markets made an upbeat start to September as better than expected US manufacturing data lifted spirits, adding to the positive news out of China and Australia this morning.
Melrose is one stock set to bloom for smart buyers
Most things cyclical or consumer-facing were ditched by panicking investors through the downturn so for a mid cap engineering firm to perform well in such conditions, it would need to be pretty good.
Melrose is one stock set to bloom for smart buyers
Most things cyclical or consumer-facing were ditched by panicking investors through the downturn so for a mid cap engineering firm to perform well in such conditions, it would need to be pretty good.
Bloxham to launch global absolute return fund
Bloxham is planning to take advantage of demand for low volatility strategies with the launch of a global absolute return fund.
OMAM hires Christine Johnson to run Dynamic Bond fund
OMAM has hired Christine Johnson to take the reins of the Old Mutual Dynamic Bond fund.
Gervais Williams quits Gartmore
Gartmore UK Smaller Companies head Gervais Williams (pictured) has quit Gartmore.
Martin Currie and Neptune not interested in buying Gartmore
Martin Currie has moved to quash rumours that it is interested in taking a stake in Gartmore.
Weak manufacturing data pulls the pound lower
The pound fell back from earlier highs in mid morning deals after the pace of growth in Britain's manufacturing data slowed further in August.
Peter Hargreaves: 'A double dip will happen'
Hargreaves Lansdown's outgoing chief executive Peter Hargreaves says a double dip is inevitable in the UK and that the UK has yet to feel its full force because of the delaying effect of quantitative easing.
Majedie Investments launches alternative equities boutique
Majedie Investments has launched an alternative equities investment subsidiary focusing on global and emerging markets.
BlueCrest AllBlue hits 5% return target
Single-managed hedge fund BlueCrest AllBlue has continued to deliver during the first half of 2010, returning on-target net asset value (NAV) growth throughout the first six months of the year.
Bankers Investment Trust backs Europe to prosper
The Bankers Investment Trust is looking to European regions France and Germany to help it continue its strong run.
Ruffer to raise up to £50 million
Ruffer Investment Company hopes to raise up to £50 million via a private share issue proposed on the back of its strong performance.
Ex AXA Framlington boss Kyprianou joins Gartmore board as bid talk swirls
Robert Kyprianou (pictured) has joined Gartmore as an independent non-executive director as Neptune and Martin Currie become the latest names linked with a bid for the group.
Hargreaves Lansdown hikes dividend 18% on 65% jump in inflows
Hargreaves Lansdown has posted an 18% jump in profit on the back of a 65% increase in inflows over the year.
How likely is a double dip recession in the UK?
There are few reasons as yet to believe the UK will fall back into recession but the slowing pace of the recovery in the US and plans to slash government spending means uncertainty will dominate sentiment for many months if not years to come.
How likely is a double dip recession in the UK?
There are few reasons as yet to believe the UK will fall back into recession but the slowing pace of the recovery in the US and plans to slash government spending means uncertainty will dominate sentiment for many months if not years to come.
