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.

Barclays' investment banking chief Rich Ricci and wealth management head Tom Kalaris are to retire as the company restructures its senior management team.

The board of the Schroder UK Growth fund has said Philip Matthews, hired by Schroders to replace Richard Buxton, is not certain to take over as manager of the £300m trust later this year.

Threadneedle's Michael Poole is to become lead manager on the group's £790m European High Yield Bond fund as Barrie Whitman steps back.

Hedge fund supremo John Paulson has reportedly lost almost $1bn of his personal wealth since the end of last week after the price of gold crashed.

A new academic paper suggests an influential study used to argue the case for austerity contains a number of flaws - including a simple Excel spreadsheet error.

The European deleveraging process is five years behind that seen in the US and may obstruct a further rise in equity markets, according to Invesco Perpetual's Neil Woodford.

Gold's slide into a bear market has accelerated this morning as prices fell a further 5% to a two-year low of under $1,400.

Superficially attractive equity market valuations are concealing a number of warning signs for investors, according to RWC Partners' income managers Nick Purves and Ian Lance.