News and comment
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Citywire Investment News
- 3i to buy Barclays? £780m infrastructure fund arm
Fri, 24 May 2013 10:01:41 +0100
Private equity firm 3i Group is set to buy Barclay?s £780 million infrastructure fund management business, in a bid to raise fee income.
- FSCS rebates £73m of huge 2010 levy but rejects third of claims
Fri, 24 May 2013 09:37:20 +0100
Despite being asked to return £113.5 million after 2010/11's massive levy, the Financial Services Compensation Scheme refunded just under £73 million to firms†and rejected almost a third of†rebate claims.
- Why Baillie Gifford?s A-rated UK equity man is shopping overseas
Fri, 24 May 2013 09:25:54 +0100
Citywire A-rated Gerard Callahan, manager of the Baillie Gifford UK Equity Alpha fund, has increased his international exposure as a back-up plan against turbulence in the UK domestic economy
- Close Brothers Asset Management hits £9bn
Fri, 24 May 2013 08:05:00 +0100
Assets under management (AUM) at Close Brothers asset management arm rose 4% in the three months to the end of April.
- Chelverton plans European income trust for ex-Montanaro fund head
Fri, 24 May 2013 08:05:00 +0100
Chelverton Asset Management is planning to launch a European equity income trust for new recruit Ralph Singleton, who departed Montanaro Asset Management earlier this year, Wealth Manager understands.
- The Expert View: FirstGroup, Halfords and BTG
Fri, 24 May 2013 05:01:00 +0100
A roundup of some of the best analyst commentary on shares, also including Aveva and Booker Group.
- Citywire Top Stocks Daily News Digest
Fri, 24 May 2013 04:06:00 +0100
All the news from across the web about the companies featured in Citywire's Top Stocks.
- Friday Papers: EU orders companies to break down taxes
Fri, 24 May 2013 03:18:00 +0100
And the US Federal Trade Commission has begun an informal inquiry into Google?s display advertising business.
- Overnight Markets: Wall Street slips on China data
Fri, 24 May 2013 02:40:00 +0100
But a rally in Hewlett-Packard's shares helped limit losses by offsetting worries about contraction in China manufacturing.
- 'Keep calm and carry on' as FTSE tumbles 2%
Thu, 23 May 2013 17:19:00 +0100
Has the correction begun or is this a breather?†Experts say†today's slide in the FTSE 100†is†an over-reaction to†US and China news.†
- Plane 'fire' closes Heathrow runway
Fri, 24 May 2013 09:28:51 GMT
Both runways are closed at Heathrow Airport after a British Airways (BA) plane makes an emergency landing.
- Cyclist Di Luca fails doping test
Fri, 24 May 2013 09:26:22 GMT
Former Giro d'Italia winner Danilo Di Luca, who is 26th in this year's race, tests positive for EPO.
- Third day of April accused evidence
Fri, 24 May 2013 09:21:36 GMT
The cross-examination of a man accused of murdering five-year-old April Jones and covering it up in a "web of lies" continues into a third day.
- VIDEO: Cockroaches evolve to beat traps
Fri, 24 May 2013 09:20:53 GMT
A mutant strain of cockroach that can outsmart the sugar traps used to kill them has evolved, scientists in the US have found.
- Service for killed soldier Lee Rigby
Fri, 24 May 2013 09:15:45 GMT
A prayer service for Drummer Lee Rigby, the soldier killed by two assailants in south-east London on Wednesday, is held in Middleton.
FT.com - Financial Markets News
- Tokyo suffers from further volatility
Fri, 24 May 2013 09:09:21 GMT
Nikkei ends morning trading up 2.7%, then falls 3.5%, before finishing in the black as the yen whipsaws
- Defensive stocks lead London higher
Fri, 24 May 2013 09:08:52 GMT
FTSE gains 11 points with Next falling the most after a downgrade from Morgan Stanley, which said it now preferred Marks and Spencer
- Reason for Japan rout lies in Washington
Fri, 24 May 2013 08:48:19 GMT
Episode shows the vital question for markets is the Fed, and when and how it withdraws its stimulus programme, writes John Authers
- Dear Brussels, you asked about oil.?.?.
Fri, 24 May 2013 06:00:56 GMT
The European Commission sent a questionnaire to oil traders seeking information related to its energy benchmark probe. We imagine possible responses
- UK?s FTSE suffers biggest fall in a year
Thu, 23 May 2013 17:14:51 GMT
Miners led the wider market lower on weak Chinese manufacturing data. The FTSE 100 dropped from a 13-year high, losing 2.1 per cent or 143.48 points at 6,696.79