Billionaire investor George Soros has lost his appeal to have a 2002 conviction for insider trading of Société Générale shares thrown out, the Telegraph reports.

The UK government is concerned Royal Bank of Scotland will need a further injection of taxpayers' cash in the event of a broad recapitalisation of Europe's banking sector, the FT reports.

US markets recovered from initial falls on the opening bell as investors digested an ECB rate freeze and some positive US employment data.

The tragic loss of Apple's visionary co-founder Steve Jobs last night prompted a drop in the group's share price as US markets opened, followed by a swift move back into positive territory.

SVM's Margaret Lawson, co-manager of the £42m SVM UK Growth fund, selects three stocks for growth in a weak economic environment, and two special cases worth backing.

Dalton Strategic Partners' Melchior European fund, managed by Leonard Charlton, has been hard-closed at $100m.

Investors are selling off gold because of fears interest rates will have to rise higher than expected, Barclays Wealth's Kevin Gardinier has said.

Managers have attacked the UK initial public offering (IPO) market, branding it as ‘broken', ‘dysfunctional' and ‘dead', following a summer of delays and cancellations.

Standard Life's Karen Robertson and M&G's Aled Smith have both entered Chelsea Financial Services' infamous 'Relegation Zone'.

Rathbones Strategic Bond plans to split assets between direct investments and underlying managers.