Daily Finance UK http://www.dailyfinance.co.uk Daily Finance UK http://www.blogsmithmedia.com/http://www.dailyfinance.co.uk/media/feedlogo.gif Daily Finance UK http://www.dailyfinance.co.uk en-us Copyright 2010 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/Thames River duo take over F&C fundshttp://www.dailyfinance.co.uk/2010/09/03/thames-river-duo-take-over-fandc-funds/http://www.dailyfinance.co.uk/2010/09/03/thames-river-duo-take-over-fandc-funds/http://www.dailyfinance.co.uk/2010/09/03/thames-river-duo-take-over-fandc-funds/#commentsFiled under: ,

Pic of FTSE logoThe entire F&C fund of funds range, has been handed over to former Thames River duo Gary Potter and Rob Burdett.

The pair who initially made their name at Credit Suisse, where they also ran multi-manager funds, will replace Dean Cheeseman, and his co-manager Oliver Sonnbichler who leave the firm by mutual consent.

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Thames River duo take over F&C funds originally appeared on Daily Finance UK on Fri, 03 Sep 2010 04:44:00 EST. Please see our terms for use of feeds.

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]]>FCDavid BurrowsFri, 03 Sep 2010 04:44:00 ESTAnother manager quits Gartmorehttp://www.dailyfinance.co.uk/2010/09/03/g/http://www.dailyfinance.co.uk/2010/09/03/g/http://www.dailyfinance.co.uk/2010/09/03/g/#commentsFiled under: ,

Pic of City of LondonGartmore has seen another high profile departure with fund manager Gervais Williams announcing he is to quit.

Williams, a stalwart at the company and head of Gartmore's UK Smaller Companies team, has announced he will leave the company at the end of this month, requiring Gartmore to restructure one of its biggest investment teams.

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Another manager quits Gartmore originally appeared on Daily Finance UK on Fri, 03 Sep 2010 03:56:00 EST. Please see our terms for use of feeds.

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]]>GartmoreDavid BurrowsFri, 03 Sep 2010 03:56:00 ESTStandard Life adds to job loss woeshttp://www.dailyfinance.co.uk/2010/09/03/standard-life-adds-to-job-loss-woes/http://www.dailyfinance.co.uk/2010/09/03/standard-life-adds-to-job-loss-woes/http://www.dailyfinance.co.uk/2010/09/03/standard-life-adds-to-job-loss-woes/#commentsFiled under: ,

Pic of Standard Life HQStandard Life is the latest in the financial services sector to announce major redundancies with 500 jobs to go across the organisation in the next 15 months.

Whilst there may have been hires at the top end of the banking ladder as investment banks have started to hire again, in general the financial services sector is continuing to witness the mass cull predicted post credit crisis.

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Standard Life adds to job loss woes originally appeared on Daily Finance UK on Fri, 03 Sep 2010 02:37:00 EST. Please see our terms for use of feeds.

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]]>Standard LifeStandardLifeDavid BurrowsFri, 03 Sep 2010 02:37:00 ESTCan bank really expect sympathy?http://www.dailyfinance.co.uk/2010/09/02/can-us-bank-really-expect-sympathy/http://www.dailyfinance.co.uk/2010/09/02/can-us-bank-really-expect-sympathy/http://www.dailyfinance.co.uk/2010/09/02/can-us-bank-really-expect-sympathy/#commentsFiled under: ,

Lehman Brothers HQ siteIt is hard to have too much sympathy for US bank Lehman Brothers, even if strictly speaking they were 'let down' by the Fed and the SEC.

Former Lehman Brothers head Dick Fuld is painting a picture of the Wall Street investment bank as a 'victim' but for many that may prove very difficult to take seriously.

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Can bank really expect sympathy? originally appeared on Daily Finance UK on Thu, 02 Sep 2010 07:57:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissLehman BrothersLehmanBrothersDavid BurrowsThu, 02 Sep 2010 07:57:00 ESTBidding hots up for Carrefourhttp://www.dailyfinance.co.uk/2010/09/02/bidding-hots-up-for-carrefour/http://www.dailyfinance.co.uk/2010/09/02/bidding-hots-up-for-carrefour/http://www.dailyfinance.co.uk/2010/09/02/bidding-hots-up-for-carrefour/#commentsFiled under: ,

Pic of Carrefour superstoreFrench supermarket giant Carrefour is putting the bulk of its Asian business up for sale with as many as 10 interested parties believed to be putting together bids - including Tesco.

Given we are told constantly of the growth prospects of the Asian market it might seem strange that Carrefour should be planning such an exit strategy.

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Bidding hots up for Carrefour originally appeared on Daily Finance UK on Thu, 02 Sep 2010 06:26:00 EST. Please see our terms for use of feeds.

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]]>CarrefourDavid BurrowsThu, 02 Sep 2010 06:26:00 ESTWhat defines a good fund?http://www.dailyfinance.co.uk/2010/08/30/what-defines-a-good-fund/http://www.dailyfinance.co.uk/2010/08/30/what-defines-a-good-fund/http://www.dailyfinance.co.uk/2010/08/30/what-defines-a-good-fund/#commentsFiled under:

Pound sign graphic
Every investor wants good returns on their stock market investment but what defines a good investment fund?

Firstly it is important that a fund clearly sets out its objectives - there should be no ambiguity, as Simon Lewis, chartered financial planner at Partridge Muir & Warren explains.

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What defines a good fund? originally appeared on Daily Finance UK on Mon, 30 Aug 2010 02:35:00 EST. Please see our terms for use of feeds.

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]]>Top performing investment fundsTopPerformingInvestmentFundsDavid BurrowsMon, 30 Aug 2010 02:35:00 ESTCould be swansong for EMIhttp://www.dailyfinance.co.uk/2010/08/27/r/http://www.dailyfinance.co.uk/2010/08/27/r/http://www.dailyfinance.co.uk/2010/08/27/r/#commentsEMI recordThe Pensions Regulator has been asked to provide judgement on the funding of the main EMI pension scheme - a decision that might spell the end for EMI as a business.

The Pensions Regulator is becoming involved because the trustees and the company cannot agree on levels of pension funding and EMI will be seen as a test case with regard to how much extra cash should be pumped into a company scheme to clear its deficit.

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Could be swansong for EMI originally appeared on Daily Finance UK on Fri, 27 Aug 2010 05:16:00 EST. Please see our terms for use of feeds.

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]]>David BurrowsFri, 27 Aug 2010 05:16:00 ESTJupiter pulls out of cash and goldhttp://www.dailyfinance.co.uk/2010/08/27/jupiter-pulls-out-of-cash-and-gold/http://www.dailyfinance.co.uk/2010/08/27/jupiter-pulls-out-of-cash-and-gold/http://www.dailyfinance.co.uk/2010/08/27/jupiter-pulls-out-of-cash-and-gold/#commentsFiled under: ,

Physical gold barsJupiter star manager Philip Gibbs has moved out of cash and also sold out of gold.

The manager of the massively popular Jupiter Financial Opportunities fund has chopped the the fund's cash position by more than two thirds over the last couple of months.

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Jupiter pulls out of cash and gold originally appeared on Daily Finance UK on Fri, 27 Aug 2010 04:36:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissGold investingGoldInvestingJupiter Asset ManagementJupiterAssetManagementDavid BurrowsFri, 27 Aug 2010 04:36:00 ESTEmerging market via blue chipshttp://www.dailyfinance.co.uk/2010/08/26/e/http://www.dailyfinance.co.uk/2010/08/26/e/http://www.dailyfinance.co.uk/2010/08/26/e/#commentsFiled under:

Globe Emerging market fund managers could soon be investing in blue chip stocks listed in the developed world.

This might seem a contradiction in terms but managers are seeing compelling valuations amongst large cap names listed on the major exchanges but with large business interests in the emerging markets.

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Emerging market via blue chips originally appeared on Daily Finance UK on Thu, 26 Aug 2010 15:53:00 EST. Please see our terms for use of feeds.

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]]>Emerging marketsEmergingMarketsDavid BurrowsThu, 26 Aug 2010 15:53:00 ESTTime to take a punt on Africa?http://www.dailyfinance.co.uk/2010/08/25/time-to-take-a-punt-on-africa/http://www.dailyfinance.co.uk/2010/08/25/time-to-take-a-punt-on-africa/http://www.dailyfinance.co.uk/2010/08/25/time-to-take-a-punt-on-africa/#commentsFiled under:

Map of AfricaWith the developed world offering anaemic growth over the coming years, now could be the time to look at investing in Africa - assuming you get decent reward for the risk you take on.

Continue reading Time to take a punt on Africa?

Time to take a punt on Africa? originally appeared on Daily Finance UK on Wed, 25 Aug 2010 07:26:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissInvesting in AfricaInvestingInAfricaDavid BurrowsWed, 25 Aug 2010 07:26:00 ESTBad news sends markets downhttp://www.dailyfinance.co.uk/2010/08/25/markets-continue-slide-as-confidence-falls/http://www.dailyfinance.co.uk/2010/08/25/markets-continue-slide-as-confidence-falls/http://www.dailyfinance.co.uk/2010/08/25/markets-continue-slide-as-confidence-falls/#commentsFiled under: ,

FTSE brand picGlobal markets continue to take a hit this week as a number of factors dent investor confidence.

A slide in commodity prices coupled with the fear of a fall in demand for goods has coincided with weak US housing data and low mortgage approvals in UK.

Add to that the Fed split on whether to employ quantitative easing and the dollar slumping against the yen and there is plenty to justify bearish sentiment and fears of a double dip recession.

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Bad news sends markets down originally appeared on Daily Finance UK on Wed, 25 Aug 2010 05:50:00 EST. Please see our terms for use of feeds.

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]]>Global stock marketsGlobalStockMarketsDavid BurrowsWed, 25 Aug 2010 05:50:00 EST'Coalition budget hits poorest hardest'http://www.dailyfinance.co.uk/2010/08/25/coalition-budget-hits-poorest-hardest/http://www.dailyfinance.co.uk/2010/08/25/coalition-budget-hits-poorest-hardest/http://www.dailyfinance.co.uk/2010/08/25/coalition-budget-hits-poorest-hardest/#commentsFiled under:

Pic of George OsborneThe Coalition government's 'emergency budget' is regressive and effects the poorer in society harder than the wealthier, according to a study from the Institute for Fiscal Studies.

Cast your mind back to George Osborne's claim in his budget speech that his proposed measures would mean the people at the bottom of the scale would pay proportionally less than those at the top. He went on to add that this was a "progressive" budget. Not so, according to the IFS.

Continue reading 'Coalition budget hits poorest hardest'

'Coalition budget hits poorest hardest' originally appeared on Daily Finance UK on Wed, 25 Aug 2010 04:42:00 EST. Please see our terms for use of feeds.

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]]>Regressive budget in 2010RegressiveBudgetIn2010David BurrowsWed, 25 Aug 2010 04:42:00 ESTInvestors learn lessons the hard wayhttp://www.dailyfinance.co.uk/2010/08/24/investors-learn-lessons-the-hard-way/http://www.dailyfinance.co.uk/2010/08/24/investors-learn-lessons-the-hard-way/http://www.dailyfinance.co.uk/2010/08/24/investors-learn-lessons-the-hard-way/#commentsFiled under: ,

Pic of NYSEThere was a time when US investors funded their retirement around one or two core, long-standing stock market holdings.

You've heard the story of the old man who bought stock in General Motors in the 1950s and lived a comfortable retirement on the proceeds years later. Given the basket case that General Motors has been in recent years, such simple success stories are now a thing of the past.

Continue reading Investors learn lessons the hard way

Investors learn lessons the hard way originally appeared on Daily Finance UK on Tue, 24 Aug 2010 05:42:00 EST. Please see our terms for use of feeds.

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]]>Credit crunchCreditCrunchDont MissDontMissDavid BurrowsTue, 24 Aug 2010 05:42:00 ESTPotash fends off BHP advanceshttp://www.dailyfinance.co.uk/2010/08/24/potash-fends-off-bhp-advances/http://www.dailyfinance.co.uk/2010/08/24/potash-fends-off-bhp-advances/http://www.dailyfinance.co.uk/2010/08/24/potash-fends-off-bhp-advances/#commentsFiled under: ,

Pic of Potash Corp freightThe world's largest fertiliser producer, Potash Corporation, has urged its shareholders to reject a hostile takeover bid from BHP Billiton.

The Canadian fertiliser company has already rejected an initial offer for the business of £25.8bn from mining giant BHP - but there is little sign that the cash-rich company will not continue its pursuit.

Continue reading Potash fends off BHP advances

Potash fends off BHP advances originally appeared on Daily Finance UK on Tue, 24 Aug 2010 04:37:00 EST. Please see our terms for use of feeds.

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]]>BHPDavid BurrowsTue, 24 Aug 2010 04:37:00 ESTWhy is HSBC on an African quest?http://www.dailyfinance.co.uk/2010/08/24/why-is-hsbc-on-an-african-quest/http://www.dailyfinance.co.uk/2010/08/24/why-is-hsbc-on-an-african-quest/http://www.dailyfinance.co.uk/2010/08/24/why-is-hsbc-on-an-african-quest/#commentsFiled under: ,

HSBC officeWhat is behind HSBC's attempt to buy a controlling stake in South Africa's Nedbank? A firm foothold in Africa and an even stronger position in the emerging markets generally, would seem to be the key motivating factor.

Continue reading Why is HSBC on an African quest?

Why is HSBC on an African quest? originally appeared on Daily Finance UK on Tue, 24 Aug 2010 03:07:00 EST. Please see our terms for use of feeds.

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]]>Dont MissDontMissHSBCDavid BurrowsTue, 24 Aug 2010 03:07:00 ESTNo rest for City as mergers roll onhttp://www.dailyfinance.co.uk/2010/08/23/n/http://www.dailyfinance.co.uk/2010/08/23/n/http://www.dailyfinance.co.uk/2010/08/23/n/#commentsFiled under: ,

Pic of London Stock ExchangeThe summer is usually a quiet time in the City -everyone heads to the beaches to spend well-earned bonuses. But not this year - merger and acquisition activity has continued to hot up and kept boardrooms busy.

Continue reading No rest for City as mergers roll on

No rest for City as mergers roll on originally appeared on Daily Finance UK on Mon, 23 Aug 2010 13:10:00 EST. Please see our terms for use of feeds.

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]]>mergers and acquisit...MergersAndAcquisit...David BurrowsMon, 23 Aug 2010 13:10:00 ESTSmall firms turn to last resort for cashhttp://www.dailyfinance.co.uk/2010/08/23/small-firms-turn-to-last-resort-for-cash/http://www.dailyfinance.co.uk/2010/08/23/small-firms-turn-to-last-resort-for-cash/http://www.dailyfinance.co.uk/2010/08/23/small-firms-turn-to-last-resort-for-cash/#commentsFiled under: , ,

Pic of cash Small companies refused credit by banks but desperate to borrow money to keep their business running are turning to invoice financing as an alternative.

There is a general sense that the major banks are failing SMEs by not lending adequate support at a crucial time.

Increasingly companies are frustrated at the attitude of the major banks towards SME loans and are turning to smaller private banks to provide the support they need.

Continue reading Small firms turn to last resort for cash

Small firms turn to last resort for cash originally appeared on Daily Finance UK on Mon, 23 Aug 2010 05:36:00 EST. Please see our terms for use of feeds.

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]]>Bank lending to SMEsBankLendingToSmesDont MissDontMissDavid BurrowsMon, 23 Aug 2010 05:36:00 ESTGovt pulls plug on 'extravagant' bodyhttp://www.dailyfinance.co.uk/2010/08/23/govt-pulls-plug-on-extravagant-body/http://www.dailyfinance.co.uk/2010/08/23/govt-pulls-plug-on-extravagant-body/http://www.dailyfinance.co.uk/2010/08/23/govt-pulls-plug-on-extravagant-body/#commentsFiled under: ,

There is irony in the fact that a body brought in to tackle waste is accused of gross extravagance by the government and will now be axed as a consequence.

However the Audit Commission, which is the organisation in question has not taken the accusations lying down insisting Communities Secretary Eric Pickles (pictured) should get his facts right before going public with criticism.

Continue reading Govt pulls plug on 'extravagant' body

Govt pulls plug on 'extravagant' body originally appeared on Daily Finance UK on Mon, 23 Aug 2010 04:07:00 EST. Please see our terms for use of feeds.

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]]>Audit CommissionAuditCommissionDavid BurrowsMon, 23 Aug 2010 04:07:00 EST'Time to scrap rail cards and bus passes'http://www.dailyfinance.co.uk/2010/08/20/time-to-scrap-rail-cards-and-bus-passes/http://www.dailyfinance.co.uk/2010/08/20/time-to-scrap-rail-cards-and-bus-passes/http://www.dailyfinance.co.uk/2010/08/20/time-to-scrap-rail-cards-and-bus-passes/#commentsFiled under: ,

Pic of buses on UK streetYoung Person's Rail cards and free bus passes for pensioners could be a thing of the past if the Chartered Institute of Logistics and Transport (CILT) has its way.

Sir Moir Lockhead, president of the CILT told Radio 4's Today Programme that the government had to look at value for money in transport delivery and consider all options including the ongoing feasibility of cut price rail and bus fares.

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'Time to scrap rail cards and bus passes' originally appeared on Daily Finance UK on Fri, 20 Aug 2010 05:55:00 EST. Please see our terms for use of feeds.

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]]>David BurrowsFri, 20 Aug 2010 05:55:00 ESTGovt gets tough on addict benefitshttp://www.dailyfinance.co.uk/2010/08/20/govt-attacks-addicts-benefits/http://www.dailyfinance.co.uk/2010/08/20/govt-attacks-addicts-benefits/http://www.dailyfinance.co.uk/2010/08/20/govt-attacks-addicts-benefits/#commentsFiled under: ,

Pic of lager drinkingThe Home Office may withdraw benefit from those dependent on drugs and alcohol if it is clear they have refused treatment.

The controversial proposal is in a consultation paper on the government's drug strategy for England, Wales and Scotland.

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Govt gets tough on addict benefits originally appeared on Daily Finance UK on Fri, 20 Aug 2010 05:12:00 EST. Please see our terms for use of feeds.

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]]>income BenefitsIncomeBenefitsDavid BurrowsFri, 20 Aug 2010 05:12:00 EST