INDIA

The FTSE 100 has shed almost 2% after US employment numbers for March came in well below expectations.

The management team of Indian equity specialist Ocean Dial Group (ODG) have agreed to buy out the business from its parent company Caledonia Investments.

Skandia is to add clean share classes to its platform following HM Revenue & Customs' decision that rebates to customers are taxable.

Fidelity is to restrict inflows into Alex Wright's UK Smaller Companies fund in an effort to preserve performance.

The Bank of England has opted not to implement further quantitative easing and held interest rates at 0.5% for the 49th consecutive month.

With Japan having announced a long-awaited programme of aggressive easing policies this morning, Artemis Global Select manager Simon Edelsten details four myths about investing in the country.

M&G has cut its position in St James's Place (SJP) after majority shareholder Lloyds sold down its own stake in the wealth manager.

Ashcourt Rowan's new head of funds research has moved to counter dwindling bond market liquidity by adding funds with "more stable" asset bases to the group's buy list.

Vodafone shares have jumped to the top of the FTSE 100 leaderboard on talk that US peers Verizon and AT&T are working on a $245bn break-up bid for the firm.