The price of gold fell more than 5% as investors became more confident about the health of the global economy following comments yesterday from Fed chairman Ben Bernanke.

Warren Buffett has chosen who will succeed him as the new head of Berkshire Hathaway, but has not yet revealed the identity of the favoured one to shareholders.

The S&P 500 edged up to its highest close since 2008, boosted by better-than-expected reports on home sales and consumer sentiment.

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Crude oil surged to record levels in euro and sterling terms yesterday, adding to fears European economies could slump back into recession.

Japan's financial watchdog has told an investment firm to halt its operations on suspicion it has lost most of the $2.3bn (£1.5bn) funds it manages.

Discussions around what the post-RDR landscape will look like have tended to focus on cost and share classes but what of fund choice in 2013 and beyond? How many funds will remain in existence and how many providers?

Eric Daniels, Lloyds' former chief executive, will lose £580,000 or 40% of the 2010 bonus he was due to be awarded in deferred shares.

US shares closed on Thursday at their highest since the 2008 financial crisis, after good news on unemployment figures boosted sentiment.

A 44-year-old man employed at Legal & General Investment Management has been arrested by the Financial Services Authority (FSA).