Skerritts Wealth Management has agreed a deal to acquire the assets of the client bank of Sussex-based IFA firm Finch's Financial.

The Bank of England has kept interest rates on hold for the 44th consecutive month and refrained from launching a fresh round of quantitative easing after recent data showed the UK exited recession in the third quarter.

Guinness Asset Management has launched a new share class for its Global Equity Income fund, offering a TER of 0.74% that it says is the lowest in its IMA peer group.

The US technology sector has been "crushed" in recent weeks but remains on course for long-term gains, managers have insisted.

The S&P 500 has opened down 1.4% and the Dow Jones Industrial Average has shed 200 points in the first trading session after President Obama's election victory.

Lloyds' potential sale of its St James's Place (SJP) stake could be a landmark moment for the bank but the outlook for the wealth manager is less clear, according to investors and analysts.

The implementation of new European Union rules on short-selling disclosures has revealed hedge funds Greenlight Capital and Odey Asset Management hold notable short positions in the UK media sector.

A "post, post-industrial society" is helping businesses adapt to an environment of low growth and distressed global trade, according to Nigel Thomas, manager of the £3.2bn AXA Framlington UK Select Opportunities fund.

The US added 171,000 jobs in October, a higher-than-expected figure that suggests the country's economic recovery remains on track.

Hopes that Aberdeen Asset Management could announce a "significant" dividend hike in its forthcoming annual results have sent the group to the top of the FTSE 100 leaderboard.