Threadneedle's head of European equities William Davies has said it is "inevitable" Greece will default in the next two years.

Oriel urges investors to sell stakes in Anthony Bolton's Fidelity China Special Situations trust and transfer to GEM portfolios.

US Treasury secretary Tim Geithner is considering exiting the administration after the government negotiates the country's borrowing limit, reports the FT.

Scottish Widows Investment Partnership (SWIP) has announced plans to close five of its oeics, including two funds run by the group's head of European equities, Steven Maxwell.

Schroders' head of UK equities Richard Buxton said there are opportunities in the UK retail space despite the challenging year for the high street, thanks to depressed valuations.

Global markets surged this morning following yesterday's green light for Greece's five-year austerity plan.

London's leading share index has broken through the 5,800 barrier, boosted by strong showings overnight in the US and Asia, and ahead of a crucial vote in Greece.

Jim Rogers, the renowned investor, has called for US President Barack Obama to take a chainsaw to the country's debt, before it becomes the next Greece.

David North, Legal & General Investment Management's head of asset allocation and high yield, has taken extended sick leave.

Sir John Gieve, the former deputy governor of the Bank of England, has called for the MPC to scrap plans for further quantitative easing or else risk a 20% devaluation in sterling and higher inflation for longer.