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  • The return of heightened market volatility this summer is leading to investors looking at defensive assets as fund managers consider how to ride out a possible turn in the economic cycle.
  • Italy is a country of fast cars and has some some terrific companies for investors to invest in, but buyers must always keep in mind that political instability is as quintessentially Italian — and unpredictable — as an Alfa Romeo. It doesn't mean they cannot enjoy the ride, however.
  • Ed Welsh will join HSBC in November as global head of business services, although his work is expected to be heavily centred around the UK, as the bank ramps up efforts to gain market share among the country’s biggest listed firms.
  • Ferretti, the Italian manufacturer of luxury yachts, is still planning to lead the autumn Italian IPO pipeline, despite the increasing likelihood that the country’s coalition government could collapse after the resignation of the Prime Minister.
  • BCME Bank, one of the largest banks in Morocco, has raised Dh1bn ($103m) by selling new shares on the Casablanca Stock Exchange.
  • FIG
    The European Central Bank has given Banca Carige the all-clear to try and carry out its latest plans to turn itself around. The ailing Italian lender said on Monday that its next step will be to ask its shareholders for their approval at a meeting next month.
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