UK government launches scheme to recycle precious metals

Faced with a rising global demand for consumer goods and an increasing reliance on specialty metals from abroad, Environment Secretary Caroline Spelman published the Resource Security Action Plan to make sure UK businesses are more resilient to any change


Saudi Billionaire’s Gold Find May Spur Output

“This area has huge potential,” he said. “The revenue will be about $4 billion in 20 years’ time” from the 73 tons and the government will receive $1 billion from tax and royalty payments over that period.


US bonds edge up on short covering ahead of Fed

Underpinning demand for bonds, China posted its largest trade deficit in at least a decade, fanning concerns that slowing exports from the world's second-largest economy will lead to lower fuel demand.


Liontrust acquires Walker Crips Asset Managers

The acquisition of WCAM broadens the fund management capability at Liontrust, increases Liontrust's assets under management to more than £2 billion and gives the company one of the strongest ranges of UK equity funds and teams.


Push for fund managers to reveal pay

Australia's top fund managers earn salaries ranging from $500,000 a year to several million dollars, and some boost their pay packets further through incentive schemes and dividends.


Jupiter profits jump despite inflows shrinkage‎

Chief executive Edward Bonham Carter said: "2011 was a positive year for Jupiter, despite the significant headwinds presented by the Eurozone crisis and increased pressure on household finances.


Jefferies Hoare Govett wins Nord Gold broking role

Jefferies will act as sole broker to newly listed Nord Gold, which was appointing financial advisors for the first time after being spun out of Russian steelmaker Severstal earlier this year.


Cazenove unveils European income fund for Rice‎

The Fund will seek a combination of high income with some long-term capital growth, aiming to outperform the FTSE World Europe Index and deliver a healthy yield to investors. Income will be available quarterly.


Credit Hedge Funds are NOT Shadow Banks: AIMA

AIMA’s research paper* highlights crucial differences between the key functions of a traditional bank and those of credit hedge funds and other non-bank financial institutions.