Joseph Stiglitz, former respected chief economist of the World Bank and Nobel Prize winner, warns the future of the euro is "looking bleak".

International investors are buying record amounts of gilts on expectations of further Bank of England quantitative easing.

Terry Smith, the City veteran planning to start his own fund group, warns of the "pernicious danger" of adviser inactivity following the RDR.

M&G posted a 32% jump in net retail inflows over the second quarter, with the asset manager recording £1.92bn of net sales.

Schroders, the largest shareholder in Dana Petroleum, has urged the oil group to consider a £1.7bn possible offer from the Korea National Oil Company.

M&G has recorded net inflows of £3.4bn over the first five months of the year.

UK unemployment rose by 43,000 in the three months to February, the highest figure since the three months to December 1994, according to figures released today by the Office for National Statistics.

Cazenove Capital Management has appointed Simon Cooper to help build the SIPP part of its wealth management division.

Fidelity Special Situations fund manager Sanjeev Shah remains bullish on the long term prospects for banks, believing the sector is a strong multi-year story for investors.