When Mike Pinggera joined Four Capital Partners, the group gave him an opportunity to create his own fund from scratch.

Warren Buffett's Berkshire Hathaway has purchased a $3.45bn stake in oil company Exxon Mobil.

Barclays is to cut 1,700 UK branch jobs from 2014 as customers move online for services.

SVG Investment Managers is to rebrand as GVO Investment Management (GVOIM) before the end of 2013.

Miton's Martin Gray said he has struggled to find value anywhere in the market in recent months, with his funds taking a performance hit as a result of his defensive positions.

F&C Investments is planning to launch a fifth fund in Gary Potter and Rob Burdett's risk-targeted Lifestyle range.

Sales of equity funds are on track to reach their highest level since 2000, with net sales of £8bn in the first nine months of 2013.

Premier Asset Management has promoted Neil Birrell to chief investment officer after the exit of Mike Jennings.

The Bank of England is expected to raise its growth forecast for the UK to 3% following the strong recovery the country has seen.

Standard & Poor's has downgraded France's credit rating from AA+ to AA.