BlackRock's Mark Lyttleton has opened a short position on Legal & General as the manager continues to be bearish on the insurance sector.

Share trading in Vantis, the parent company of IFA Vantis Financial Management, has been suspended after the group admitted it may not have sufficient funding to continue to trade on a going concern basis.

Ignis plans to exchange up to £40m in subordinated Northern Rock debt after the nationalised bank outlined plans to buy back the bonds at more than double previous trading levels.

Richard Buxton has added his name to a growing list of fund manager heavyweights casting doubt on the future of the beleaguered euro.

Neptune Income fund manager Robin Geffen has been adding to unloved utilities and healthcare stocks in recent months as he expects continued dividend growth in the £939m portfolio.

An anonymous bidder stumped up a record $2.63m to have lunch with investment guru Warren Buffett.

Investec's Alastair Mundy topped up his high-conviction position in BP last week, saying the oil giant remains a "very interesting investment opportunity".

Global hedge funds suffered the heaviest losses for 18 months in May having come into the poor month for equity markets with large long positions.

Swip's Graeme Caughey says the group could look to reduce gilt holdings over the next year on inflation concerns.

Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.