Insurer Zurich has given BlackRock a mandate to passively manage £3bn of its funds sold through Allied Dunbar and Eagle Star brands in a move that aims to create stability for investors.

Aberdeen chief executive Martin Gilbert has netted £8.6m from the sale of 1.78m shares in the firm, according to a regulatory filing.

Daniel Lee, former head of discretionary at Cazenove, has joined Allianz Global Investors as a sales director in its UK team.

Tech giant Apple has bought social media analytics firm Topsy Labs, according to reports.

Sterling hit a five-year high on Monday as data from the UK's manufacturing sector came in stronger than expected.

Fund management staff earning more than €1m at UK banks saw pay almost double in 2012, according to European Banking Authority (EBA) data.

The High Court has ordered into liquidation a property investment scheme promoted by former Manchester United footballer Lee Sharpe.

Two members of Neil Woodford's UK equity team at Invesco Perpetual are to leave the group to pursue other opportunities.

The Financial Ombudsman Service's (FOS) chief ombudsman and chief executive Natalie Ceeney is to step down after four years in office.

Rathbone Brothers is reviewing the latest judgement in its ongoing Jersey trust legal dispute after the latest ruling.