Merrill Lynch's chief investment officer Bill O'Neill has advised investors to steer clear of government bonds, saying they will only offer value in a double-dip environment.

CPI annual inflation fell to 3.4% in February, down from 3.6% in January, according to the Office for National Statistics.

Eurozone members have delayed the approval of more than half of the €130bn loan for Greece, raising fears the troubled economy will officially default.

Allianz Global Investors has announced plans to make its Income and Growth fund available to UK investors through the launch of a sterling hedged share class before the end of Q1.

Mining company Xstrata has formally announced its intention to merge with Glencore, the world's largest commodities trader, creating a commodities 'powerhouse'.

UK stocks were muted mid-morning as investors took profits and fretted once more over the outlook for Europe and the Greek debt deal.

Aviva Investors is set to launch two multi-asset funds for Justin Onuekwusi.

Asia fund managers have warned China’s economy faces a series of challenges despite its meteoric rise to global superpower status.

Equity funds experienced their highest ever outflows of retail money in November as investors pulled out their cash in droves amid the ongoing eurozone crisis.

France's minister for European affairs, Jean Leonetti, has signaled plans for a Europe-wide financial transaction tax will be legalised by the end of 2012, despite opposition from countries including the UK.