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Thursday Closing Market: FTSE stands still on fresh oil price spike

17:29 | 21 Aug 2008 | By Dylan Lobo

The FTSE 100 endured a tepid session following yesterday’s 1% rise as a fresh spike in oil prices weighed on sentiment.

Invesco Aim launches US dollar treasury fund to UK investors

14:13 | 21 Aug 2008 | By Matthew Goodburn

Invesco Aim is aiming to cash on nervous investor sentiment in volatile markets by launching a Dublin-domiciled US Dollar Treasury Portfolio money market fund to UK investors.

Lunchtime Market: Miners and oil lift FTSE near par

14:05 | 21 Aug 2008 | By Colin McClelland, Tony Bonsignore

The FTSE 100 index had pared most of its early losses by Thursday lunchtime, boosted yet again by miners and oil stocks.

Schroder Income Maximiser drops call strategy in hunt for capital growth

13:19 | 21 Aug 2008 | By Matthew Goodburn

The high volatility in the first half of the year and strong dividend yield of the portfolio has meant Schroder's Income Maximiser fund has no covered calls in place for the first time since its November 2005 launch.

Flemings to make multi-manager platform CGT friendly after 14% profits jump

13:06 | 21 Aug 2008 | By Dylan Lobo

Fleming Family & Partners (FF&P) has posted a 14% jump in profits and is reviewing its multi-manager services following the changes to the UK capital gains tax regime.

Thursday Morning Market Update: Unexpected jump in retail sales lightens the gloom

10:05 | 21 Aug 2008 | By Phil Cozens

Store shares recover, housebuilders move ahead after 'as expected' Persimmon results but banks remain in the doldrums.

Axa and Barclays back B&B rights issue

09:42 | 21 Aug 2008 | By Edward Lander

Insititutional investors Axa and Barclays have taken advantage of a rights issue at Bradford & Bingley that was shunned by 72% of shareholders.

Morning Eyecatchers: Broker Roundup: Investec negative on Stagecoach

09:31 | 21 Aug 2008 | By Phil Cozens

Brokers positive on Persimmon and Collins Stewart favours Cable & Wireless.

Will climate change legislation boost SRI firms?

09:30 | 21 Aug 2008 | By Maryrose Fison

Will green laws make SRI companies more attractive – as asset manager Morley claims?

Sustainable investment 'can protect against risk'

09:30 | 21 Aug 2008 | By Michelle McGagh

Advisers must embrace green as a future-proof investment strategy, says Henry Boucher of Sarasin & Partners.

Persimmon posts 64% fall in profits but shares gain

09:26 | 21 Aug 2008 | By Tony Bonsignore

House builder Persimmon recorded pre-tax profits of £100.9 million in the first half of 2008 - down from £281 million from the same period last year.

Morning Eyecatchers: Persimmon H1 profits slump 64%; dividend slashed

08:25 | 21 Aug 2008 | By Phil Cozens

Fortis to sell ABN Amro TEDA share to Old Mutual, Amlin H1 profits tumble 26% and DM hits record first-half profits and in ongoing talks that may lead to an offer.

Thursday Papers: Manufacturers' output hopes slump -- other news

07:21 | 21 Aug 2008 | By Phil Cozens

Dow rallies 69 points and relief for Bank as wage rises slide to five-year low.

Thursday Papers: Lehman fails to sell 50% stake to Asian parties -- bid news and gossip

07:09 | 21 Aug 2008 | By Phil Cozens

Cinven pulls out of auction for Elan division and Stanhill trumps Xstrata bid for IndoPhil.

Thursday Papers: tips and comment

07:02 | 21 Aug 2008 | By Phil Cozens

Comment on BAA, Mecom, H&T, Dignity, Xaar, Wellstream, Fenner and JJB Sports.

The Daily Interview: Commodity correction nothing to do with fundamentals, says JPM's Henderson

07:00 | 21 Aug 2008 | By Danielle Levy

JPM Natural Resources manager Ian Henderson believes the recent sell-off in commodities has nothing to do with fundamentals but rather forced selling and market speculation.

Lyttleton concerns lead OPM into Russell's new absolute return fund

00:01 | 21 Aug 2008 | By Dylan Lobo

OPM has backed Cazenove’s new UK Absolute Target Return fund run by Tim Russell (above) as its concerns grow over the volume of money flowing into BlackRock’s version of the fund.

Thursday Closing Market: FTSE bounces 1% on commodities and oil

17:32 | 20 Aug 2008 | By Dylan Lobo

Once again commodities and oil-related stocks came to the rescue of the FTSE 100 as it posted a decent swing on the upside after yesterday's sharp decline in the blue chip index.

Accountants announce break-up of Dawnay Day property empire

14:40 | 20 Aug 2008 | By David Campbell

Accountants appointed to administer the remains of the fallen Dawnay Day empire have said they are to break up and sell the company’s UK property portfolio.

Witan endures 11.4% first half fall in NAV

14:05 | 20 Aug 2008 | By David Campbell

Witan Investment Trust posted an 11.4% fall in net asset value over the first half of 2008 and 12.2% over the last year, blaming global volatility.

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