Hedge fund Everest Capital has closed its largest fund after sustaining heavy losses on the Swiss franc's dramatic move last week.

M&G should focus on Recovery, not Global Dividend

Indian equities stood out in Asian trading overnight after the Reserve Bank of India (RBI) announced a surprise cut to interest rates in order to combat falling inflation.

The Financial Conduct Authority (FCA) has cancelled an advice firm's permissions after it failed to submit regulatory returns.

Global growth managers predict the rally in airlines can continue into 2015 and beyond as a falling oil price provides a new fillip for the sector.

Mark Roomans has been promoted to chief executive of Morningstar UK as Geoff Balzano steps back to focus on his role as head of adviser solutions.

The price of a barrel of Brent crude oil has dropped to below $46 in early trading, a fresh six-year low, as the commodity's collapse showed no sign of slowing down.

Former Scottish Widows Investment Partnership (SWIP) Mark Benbow has joined Kames Capital as an investment analyst in its high yield bond team.

HMRC investigations have yielded a record £136m in extra capital gains tax (CGT) collected from individuals and small businesses in the last year, according to an accountancy firm.

Fund buyers and investors face a challenging 2015 as they weigh up how to diversify in the face of crowded trades and elevated valuations, market commentators have suggested.