Sterling hit a six-month high against the dollar today as poor US economic data continues to weigh on the currency.

Liverpool Foootball Club could be bought by a Chinese business tycoon in the coming days.

Invesco Perpetual star manager Neil Woodford has committed $25m to a new AIM-listed vehicle which will make investments in troubled African nation Zimbabwe.

Current protection for bank bondholders is likely to be abolished by regulators as part of reforms to the financial sector, M&G warns.

Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.

Jupiter Financial Opportunities co-manager Guy de Blonay has moved a significant amount of the fund's large cash weighting back into the markets, particularly the Far East.

Invesco Perpetual's Paul Causer is predicting risk assets will rally until at least the fourth quarter following the "marked turnaround" in sentiment in European markets early last week.

Schroders' Nick Gartside has switched from inflation-linked to nominal US treasuries in his £316.7m Strategic Bond fund as the market continues to be "fixated on deflation".

Former New Star fund manager Patrick Evershed can proceed with a lawsuit over claims he was bullied by company founder John Duffield, a London court said.

Graham French, manager of the £4.28bn M&G Global Basics fund, has moved defensively in recent months on concerns over a slowdown in global growth.