Brooks Macdonald has signed an option agreement to acquire Levitas Investment Management for up to £24m.

Ratings agency Standard & Poor's has retained an AAA sovereign credit rating for the UK but says there is still a one in three chance of a downgrade next year.

Neil Woodford is to join forces with investment firm Oakley Capital when he leaves Invesco Perpetual next April.

The taxpayer lost £230m on the government's disposal of part of its stake in Lloyds Banking Group, according to the National Audit Office (NAO), despite claims the sale was made at a profit.

The number of firms regulated by the Financial Conduct Authority (FCA) is set to soar next year after the regulator assumes responsibility for supervising consumer credit activities.

Neil Woodford's £1.4bn Edinburgh IT is again trading on a premium to NAV as appetite for the trust returns despite his forthcoming exit from Invesco Perpetual.

Marlborough Fund Managers is to merge away Geoff Hitchin (pictured) and Nicholas Cooling's UK Income & Growth trust in January.

The J.P. Morgan Senior Secured Loans trust has failed to meet its £100m fundraising target after Investec Wealth & Investment opted not to back the launch.

The Financial Conduct Authority (FCA) and North and West Yorkshire police have this morning arrested one male on suspicion of insider dealing and market abuse.

RBS finance director Nathan Bostock is to leave the bank to become deputy CEO at Santander UK.