Oil giant BP is planning to spend up to £3.7bn in a share buyback, in an attempt to breathe new life into its flagging share price, according to reports.

Global markets rallied today after fiscal cliff talks between President Barack Obama and Congressional leaders stepped up a notch over the weekend.

A double-digit stock market correction will prove the wake-up call to spur policymakers into action on the eurozone crisis, and could prove the perfect time to buy European stocks, according to Justin Oliver.

Fears over future inflation spikes and the ability of the Bank of England to control rising prices have led bond managers to take cover in protective instruments.

Global credit ratings agency Moody's has warned the UK is at risk of losing its AAA status should the economy slide into a triple-dip recession.

UBS US equities manager Lawrence Kemp has left the firm.

US stock markets saw a third consecutive day of losses following Barack Obama's victory in the presidential election this week.

Investment veteran Jim Rogers did not vote for either leading candidate in the US presidential race as he does not think either man can save the economy.

RWC has unveiled a Cayman fund to be managed by the European focus team, which recently joined from Hermes.

Wealth manager Rathbones has acquired Taylor Young Investment Management's private client business in the first of a string of acquisitions for the group in the sector.