China's decision to cut interest rates for the first time since December 2008 has met with a mixed response as investors try to fathom the implications of the move.

M&G Investments has hired BlackRock's Michelle Scrimgeour as group risk director as Les Scrine retires from the role after almost 30 years of service.

Global equity markets have posted sharp gains as investors shrug off a lack of action from the European Central Bank and look to developments in Spain and monetary policy moves elsewhere.

Hedge fund manager Man Group is to drop out of the FTSE 100 following the index's latest quarterly review after a fresh period of poor share price performance took its toll on the company.

EURO 2012

City Financial is to take over management of Octopus Investments' Absolute UK Equity fund in a move which will see manager David Crawford join the group.

Strategic bond managers are upping their use of derivatives as liquidity issues, dislocated pricing structures and cheaper trading opportunities transform how they manage their portfolios.

The Euro Stoxx 50 could fall by almost 50% in the event of a disorderly Greek exit from the eurozone, analysts at Société Générale calculate.

The early success of the active ETF version of Bill Gross' PIMCO Total Return fund does not yet herald a step change in the exchange-traded market, according to Vanguard's global head of ETFs.

European equity markets have given up all yesterday's gains as investors remain on the back foot ahead of today's EU summit.