EURO 2012

Spain has seen its plan to recapitalise stricken Bankia by indirectly asking the ECB for cash rejected by the ECB, the FT reports.

BlackRock's absolute return manager Mark Lyttleton is taking an extended break from the industry for family reasons.

Threadneedle's Quentin Fitzsimmons is set to leave the group to take a break from the industry.

Marks and Spencer has reported a fall in annual profits for the first time in three years as trading conditions worsen for high street retailers.

Ahead of Facebook's $16bn IPO, Morgan Stanley, the lead underwriter on the deal, reduced its revenue forecasts for the social network, Reuters reports.

Two weeks ago we ran a competition to win a copy of Dan Conaghan's book The Bank - Inside the Bank of England, published by Biteback.

Bank of England policymaker Adam Posen will step down from the Monetary Policy Committee (MPC) on 31 August when his three-year term comes to an end.

Credit Suisse has put boutique JO Hambro Investment Management (JOHIM) up for sale, according to reports.

EUROPE