Shares in BP slumped late on Thursday after the group was found by a US judge to be "grossly negligent" and "reckless" in the Gulf of Mexico four years ago.

Richard Pursglove has exited Artemis Fund Managers after just a year at the group.

Fidelity Worldwide Investments is preparing to launch a high conviction Asian equities fund for Anthony Srom.

Simon Brazier and his UK equities team are to join Investec Asset Management, Investment Week can reveal, following their exit from Threadneedle Investments.

Equilibrium Asset Management is to launch its own range of in-house funds next year as it looks to curtail its use of platforms and avoid trading delays.

John Betteridge, the former chief investment officer of Prudential's UK insurance division, has joined Rowan Dartington to head its asset allocation team.

Hargreaves Lansdown is taking aim at the low-end D2C discretionary market after announcing plans to unveil a new discretionary portfolio management service in 2015 with a minimum investment of under £10,000.

Capita's administration arm has written to a number of Arch cru investors asking them to return money from the redress scheme, after the payouts breached tax rules.

Shares in Tesco, the UK's largest food retailer, fell today after a surprise update revealed the full extent of the challenges facing its new chief executive. But is now the time to snap up the stock at decade-low valuations?

Tesco today released an unplanned update to the market, sending shares tumbling in early trading after it slashed its dividend by 75% and warned on profits.