Online grocer Ocado has been forced to cut its IPO price range after failing to place shares at the bottom of its 200p to 275p original offer price.

Henderson's Stephen Peak has made stricken oil giant BP the top holding in his £288.2m UK Alpha fund after not owning the stock just six weeks ago.

After just passing the halfway mark of 2010, M&G's bond team has found performance in fixed interest markets this year has not necessarily reflected the amount of credit risk an investor is willing to take.

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.

Neil Woodford, the largest shareholder in International Power, has backed the energy group's proposed tie-up with French giant GDF Suez.

Star Invesco Perpetual manager Neil Woodford is once again likely to take centre stage in takeover discussions, with top-20 holding International Power in talks to combine assets with French giant GDF Suez.

Asian markets were in decline today following the sharp 3% fall for US indices on Friday.

Gravis Capital Partners, which is set to create UK's first listed debt infrastructure fund, says it is likely to complete a successful IPO.

UK hedge fund Armajaro Holdings purchased £658m of cocoa on Friday, in a move which single-handedly moved the global cocoa market.

Business Secretary Vince Cable has warned of a second credit crunch if bank lending does not begin to flow across the economy.