Former UBS trader Kweku Adoboli has been sentenced to seven years in prison after being found guilty of fraud following a $2.3bn rogue trade at the Swiss bank.

Moody's has stripped France of its AAA rating as Artemis' William Littlewood becomes the latest fund manager to turn more negative on the country.

The Battle Against Cancer Investment trust (BACIT) has revealed details of its holdings as it invests an initial £200m worth of assets.

US and Asian equity markets rallied overnight as talk of US politicians reaching a deal to avert the fiscal cliff helped sooth investor worries.

The Bank of England's increasingly unconventional policies could see it cut interest rates further, according to Threadneedle head of multi-asset Toby Nangle.

The FTSE 100's dismal week continued today as the UK's leading index fell to a four-month low, and remains on course to make a loss for the week.

Brooks Macdonald has acquired discretionary fund manager Spearpoint, manager of the Arch cru funds, in a deal that could reach £32m.

SVM Asset Management is to close its underperforming UK Absolute Alpha and Cautious Managed funds at the end of the year due to their small size.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

Liontrust Asset Management has reported its ninth consecutive quarter of fund inflows even as it posted an interim loss relating to its acquisition of Walker Crips AM.