Glencore International has closed its books a day early after its initial 530p per share offer garnered strong investor demand.

The Bank of England is right to hold interest rates at record lows of 0.5% as governor Mervyn King takes a long-term view, according to George Osborne.

TIME TO SWITCH TO GOLD?

Schroders has appointed Kate Jones as head of investment services, to help develop its global investment management and research platform.

BP is in last minute talks with Russian state oil firm Rosneft in attempt to salvage the proposed $16bn (£9.9bn) share swap deal before the midnight deadline tonight.

Richard Buxton has "controversially" started investing in UK domestic stocks despite the significant headwinds facing consumers this year.

JO Hambro Capital Management's Clive Beagles has raised the cap on his UK Equity Income fund to £1bn.

Asian markets are coming under pressure from high inflation, which will prompt a short-term sell-off despite economies in the region thriving, said multi-manager John Husselbee.

The National Institute of Economic and Social Research (NIESR) said it expects the UK to avoid another recession but warned it now faces a bleak period of low growth.

The UK could fall back into recession at the end of this year, as high oil prices and the impact of the Japan earthquake weigh on global economic growth, said Fidelity's Trevor Greetham.