The largest equity markets in the US have reached new record highs after an uptick in manufacturing data boosted investor sentiment.

This morning it emerged Schroders has entered bid talks to acquire Cazenove Capital.

London's leading share index had lost 1% by mid-afternoon, weighed down by weaker than expected manufacturing and services data in the eurozone.

PIMCO's Bill Gross, manager of the world's largest bond fund, is auctioning off some of his historic stamp collection to raise proceeds for charity organisations.

The government has announced plans to crack down on VCT providers which offer enhanced share buybacks, arguing this is against the spirit of the rules.

The Chancellor has revealed plans to remove stamp duty on AIM shares, as part of the 2013 Budget.

Legal & General Investment Management's fixed income manager Richard Hodges has cautioned investors to be prepared for another four years of record low interest rates in the UK.

Fidelity's Ian Spreadbury is taking a contrarian stance compared to his peers in the bond sector, maintaining interest rate risk in his portfolios as other managers are reducing duration.

Giles Hargreave has been boosting his stakes in online gaming companies, to capitalise on a relaxation of legal restrictions on internet gambling in the United States.

Investment trust analysts at Liberum Capital argue investors should be digging deeper to find value in the investment trust space.