Facebook has set the price range for its shares in what will be Silicon Valley's largest IPO, giving the social network a market value close to that of Amazon.

BSkyB has announced record nine-month profits this morning, in the same week that saw MPs label major shareholder Rupert Murdoch "unfit" to run an international media group.

J.P. Morgan Asset Management has launched a fund aiming to outperform inflation and deliver returns across inflationary cycles.

Smith & Williamson is to launch a global government bond fund for manager Chris Lynas this month.

London's blue chip index was in negative territory this afternoon, snapping a four-day winning streak as eurozone concerns once again came under the spotlight.

BlackRock's Richard Plackett, manager of the £1.5bn UK Special Situations fund, has been rotating out of large-cap defensive stocks and adding to small and mid caps, reflecting his more optimistic outlook on the world economy.

Austin Forey, manager of J.P. Morgan's £1bn Emerging Markets fund, reveals five of his top stock ideas from across his developing market universe.

Credit Suisse's Luca Paolini has joined Pictet Asset Management as chief strategist.

ING Investment Management is set to unveil a Euro Covered Bond fund aiming to offer investors low risk access to the European corporate bond market from issuers including banks.

European markets were firmer this morning after the results of the much-anticipated Spanish debt auction were annouced.