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Richard Black is avoiding ‘usual suspect' stocks Aviva and Tesco in his L&G UK Equity Income fund over fears their strategies are wrong in the current environment.

Ignis grew its IFRS operating profit for the first half of 2012 to £19m, compared to £18m during the same period last year, despite difficult trading conditions and continued investment in the business.

The spot price of gold climbed by over 1% to $1,655 an ounce as the Federal Reserve said it is likely to ease monetary policy soon unless there is a sharp change in economic data.

Legal & General Investments (LGI) is set to launch an index fund linked to the highest quality issues in the sterling corporate bond market at the end of the month.

Former Chancellor Alistair Darling has written an open letter to his successor George Osborne warning he must change course on the economy now or cause "immeasurable damage".

Former Barclays chief Bob Diamond has hit back at MPs' claims he was "highly selective" in his evidence to the Treasury Select Committee during the LIBOR rate-rigging scandal.

Lord Rothschild has taken a near £130m bet against the euro through RIT Capital Partners, the £1.9bn investment trust of which he is executive chairman.

Finland's foreign minister said the country is taking measures to prepare itself for a full-blown currency crisis in Europe.

Christopher Rokos, co-founder of hedge fund giant Brevan Howard, is leaving the company.