A series of shock rate hikes have failed to prevent a fresh sell-off in emerging market currencies, with developed market equities including the FTSE 100 also caught in the storm.

The Financial Conduct Authority (FCA) has banned former BGC Partners senior executive Anthony Verrier due to concerns over his integrity, after he was found to have poached former colleagues from a rival firm.

Schroders is to streamline its multi-manager range following the takeover of Cazenove last year, with a number of portfolios to be merged away.

Nigel Wray, chairman of Saracens rugby club, has invested a "significant" amount in fund platform Nutmeg.

Liontrust Asset Management has seen its AUM grow to £3.6bn by the end of 2013 as the takeover of North Investment Partners helped counter outflows in the final quarter.

Barclays Stockbrokers has revealed its clean pricing structure, introducing an AMC of 0.35% as it becomes the latest platform to undercut Hargreaves Lansdown's headline charges.

Top UK stockpicker Henry Dixon has warned fellow shareholders in Aberdeen Asset Management they face a tough six months, but said the longer-term outlook for the group remains strong.

Fidelity Worldwide Investment's John Clougherty has said the group would not price its active equity funds as low as 30bps, following news Hargreaves Lansdown has secured funds for that price on its new Wealth list.

Fresh plunges in the value of emerging market currencies have send equities sharply lower this morning, with an analyst downgrade adding to the pain for EM-focused Aberdeen.

The Governor of the Bank of England has indicated his policy of linking interest rates to unemployment could be scrapped less than six months after its creation.