Trillions of dollars in fake US bonds have been seized from a warehouse in Zurich alleviating a "severe threat" to global financial security, according to media reports.

First State Investments has created a brand to differentiate its emerging markets arm, run by Angus Tulloch and Stuart Paul.

Greek politicians have accused European leaders of trying to force the indebted nation out of the euro after triple-A rated governments threatened to postpone elections and install a technocratic government.

UK equities could return 11% per annum for the next 10 years, fund group Neptune has said, as value stocks come to the fore.

The past three years have been a tumultuous time for the financials sector, which has seen a phase of deleveraging, rights issues and balance sheet repair which continues to this day.

Henderson Global Investors has proposed moving Paul Craig's Diversified Absolute Return fund into the newly created IMA Mixed Investment 0-35% shares sector, while bringing in Bill McQuaker as co-manager.

Invesco Perpetual's Neil Woodford has revealed he sold out of his Tesco holding after the firm's profit warning last month, just as veteran investor Warren Buffett was snapping up the stock.

A Greek minister has resigned over the austerity measures agreed earlier today which were required for debt-laden country to receive a €130bn bailout and avoid default.

Colin Harte, co-manager of the Barings Global Bond Trust, has left the company after 12 years of service.

Retail investors are twice as likely to pay more for actively-managed funds than reduced costs for index trackers, research from Lipper has revealed.