Commodities

Close Investments has scrapped its Agricultural Commodities Trust just days before it was due to go live.

THE Fitzwilliam Commodity Plus fund, advised by BDO Stoy Hayward Investment Management Limited, has been awarded the European Fund of Hedge Funds award for Best Energy/Commodities fund.

Pressure on Alistair Darling to rethink his sweeping changes to capital gains tax (CGT) was growing last night as it emerged that attempts will be made to defeat them in the Commons, The Times reports.

CLOSE Fund Management is launching a new closed-ended capital protected fund providing a return of 200pc growth from a portfolio of soft and hard commodities.

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Commodities

Head to Head

The FTSE 100 index has dumped a little over 2% this morning as mining stocks including BHP Billiton and Anglo American dragged the market into down on falling metal prices.

the strategist

The FTSE 100 Index has risen 19.7 points, or 0.4%, to 5642.5 so far this morning led by commodities companies BP, BHP Billiton and Anglo American as oil trades near $60 a barrel and gold prices increase.