Hargreaves Lansdown co-founder Stephen Lansdown has sold 5.5m shares in the wealth manager, bringing his stake in the company down below 20%.

Equity markets have moved sharply higher despite a brief sell-off yesterday sparked by inaccurate reports of a terrorist attack on the White House.

Barclays' Q1 adjusted pre-tax profit has dropped 25% to £1.8bn after the bank took a £500m hit over its restructuring programme.

Ameriprise Financial has appeared to rule out a potential acquisition of Scottish Widows Investment Partnership (SWIP), saying available M&A opportunities "do not meet our criteria".

Former Marathon AM manager Louise Keeling is to join RWC Partners to head up a newly-created global equity team.

Threadneedle parent company Ameriprise Financial is preparing an £800m bid for Scottish Widows Investment Partnership, according to reports.

Neptune founder Robin Geffen and former Gartmore star Roger Guy are among the highest profile new fund management names in the latest UK wealth rankings.

Brooks Macdonald has reported a 7.6% in discretionary funds under management as rising markets and inflows pushed assets towards the £5bn mark.

Armstrong IM managing partner Patrick Armstrong has added a new gold derivatives position to his portfolios to capitalise on the precious metal's escalating price volatility.

Lloyds Banking Group has moved closer to a sale of Scottish Widows Investment Partnership as it seeks to strengthen its balance sheet, according to reports.