Henderson European equities director John Bennett has joined the board of beleaguered Scottish football club Rangers.

Charles Stanley is to offload its securities business, with the likes of Cantor Fitzgerald and Panmure Gordon set to be beaten to the deal by US firm Stifel Financial.

M&G has reported a fifth consecutive year of record profits despite net outflows for its UK business increasing to £1.7bn in 2014.

Prudential chief executive Tidjane Thiam has been named as the surprise new head of Credit Suisse.

Neil Woodford has introduced a currency hedge on his Woodford Equity Income fund for the first time in the belief the European Central Bank's QE programme may prompt further euro weakness.

Ross Teverson, Jupiter's global emerging markets (GEM) head of strategy, has introduced formal sector analysis responsibilities across the team for the first time and scaled back the number of holdings in his new portfolios.

The FTSE 100 has fallen back below the 6,900 mark after a stronger than expected US jobs report on Friday caused investors to fret once again about the prospect of a US rate hike this year.

Walker Crips has acquired wealth firm Barker Poland Asset Management (BPAM) in a deal which will add £230m to its assets under management.

Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.

Threadneedle is to push ahead with plans to convert its UK Property Trust to a more tax-efficient structure.