Investors criticise the government's decision to reverse ‘extension rule' on tax relief.

Neel Kashkari has become head of global equities at PIMCO, while the firm has also strengthened its equity team with two hires from Thornburg Investment Management.

The FTSE All Share's quarterly review has relegated private equity and venture capital firm 3i Group to the FTSE 250, leaving no investment companies in the FTSE 100 for the first time since 1994.

Business leaders are urging the Bank of England (BoE) to pump in a further £50bn to its quantitative easing programme, ahead of the Monetary Policy Committee's (MPC) decision on interest rates.

Anthony Bolton's £674m Fidelity China Special Situations fund has made its first share buyback since listing on the London stock exchange fifteen months ago.

Billionaire investor George Soros has warned the eurozone's debt problems could potentially be worse than the Lehman Brothers' collapse due to a lack of leadership on the Continent.

First State is set to close Habib Subjally's £5m Global Growth fund at the end of October, as it failed to attract enough assets.

Alliance Trust has expanded its global equities team with the appointment of Juergen Lanzer from Schroders.

Old Mutual Asset Managers has poached RLAM's European star fund manager Kevin Lilley to head up the group's £71m European Equity fund.

London's leading share index has rebounded from yesterday's turbulent session, with investors finding value in depressed bank stocks.