Paul Feeney is set to join Old Mutual's Long-term Savings divison (LTS) as chief executive of asset management.

Schroders' star manager Richard Buxton has been boosting exposure to UK banks in the view they will not need further bailouts, and their share prices are too low to ignore.

Standard & Poor's last night warned it is likely to downgrade the sovereign debt credit ratings of France, Spain, Italy, Ireland and Portugal if the economic slowdown intensifies.

F&C Investments' head of governance Karina Litvack believes Polyus Gold, the biggest gold miner in Russia, should not be granted a FTSE 100 listing as minority shareholders would not be protected.

French asset management firm Carmignac Gestion has warned the European Financial Stability Fund (EFSF) is inadequate and ministers need to increase its firepower in order to quell the threat of contagion.

Plans to tackle the eurozone debt crisis have stalled, with France and Germany clashing over the size of stimulus needed to secure the future of the eurozone.

The European Union has banned the naked short selling of CDS on eurozone government debt, to prevent short selling aggregating price declines.

Standard Life Investments' European equity manager Iain Galloway has left the firm to pursue other opportunities.

First State has hired three investment specialists to complete its emerging market debt team, following the appointment of F&C's Helene Williamson last month.

Paul Read and Paul Causer's £130m City Merchants High Yield trust is considering moving offshore for tax reasons, despite imminent rule changes designed to improve the competitiveness of the UK as a domicile.