George Osborne has asked Whitehall departments to make a further £2.5bn of cuts, as he prepares to present a gloomy Budget 2013 later today.

Gottex Fund Management is to take a majority stake in UK multi-asset boutique Frontier Investment Management.

Société Générale strategist Albert Edwards has urged investors to stick with their core government bond holdings in the face of a threat to US profit margins which could hit equity markets.

Threadneedle's head of US equities Cormac Weldon considers how far along the road to recovery the US really is, as well as which sectors will support and benefit from the economic revival.

Goldman Sachs has forecast the FTSE 100 could reach 7,200 within the next 12 months - a new record high for the market.

Shares in travel operator Thomas Cook jumped this morning after the firm outlined a further raft of cost-cutting measures.

M&G broke its own records in 2012 to post soaring inflows and AUM at an all-time high, according to its full-year results, but expects sales in the UK to slow this year.

Miton is preparing to add a new product to its stable for the two managers it recently poached from Matterley.

Brooks Macdonald's acquisition of Spearpoint helped drive a 44% rise in FUM in the second half of last year, although the firm continues to count the cost of RDR.

Italy's embattled economy contracted 2.8% year on year in the fourth quarter, according to the final reading released this morning, worse than the 2.7% contraction previously thought.