Walker Crips Group has made £6.6m after crystallising convertible loan stock issued to it as part of Liontrust's 2012 acquisition of its asset management arm.

Update: Benchmark ten-year gilt yields have hit a fresh two-year high of over 3% after the Bank of England opted not to release further ‘forward guidance' earlier this afternoon.

Hargreaves Lansdown co-founder Peter Hargreaves has said his biggest fear is how customers will react to forthcoming changes to the platform's pricing model.

Hargreaves Lansdown expects to announce details of its new pricing model for funds in "November or December" after it reported record full-year results for 2013.

The Financial Ombudsman Service (FOS) threw out two-thirds of gripes against the most complained-about advisory groups in the first half of 2013, figures show.

Fidelity's Sanjeev Shah has said he is "not burnt out" as he prepares to step down from fund management - and has warned a period of market consolidation lies ahead.

Michael Konstantinov, manager of the £356m Allianz BRIC Stars fund, is to leave the group to pursue other opportunities.

Sanjeev Shah is to step down as manager of Fidelity Special Situations at the end of 2013, while colleague Allan Liu is to step back from the group's UK-domiciled South East Asia fund.

The FTSE 100 has endured a volatile start to the morning after reports of a missile launch in the East Mediterranean rattled investors.

It has almost gone unnoticed, but Chinese indices have begun to outperform amid a difficult August for equity investors.