The Dow Jones Industrial Average closed at a four-year high last night as investors flock to US stocks amid the resurgence in the country's economy.

BP was one of the biggest losers in early trading as investors sold shares in the oil major following a disappointing update.

Investec Asset Management has moved to close three of its African focused funds owing to a lack of client demand for the strategies.

Shares in Aberdeen Asset Management led the FTSE 100 leaders board this morning after the group saw profits climb 14%.

Sir Nigel Rudd, the former Citigroup banker, is in the running to become the next chairman of Prudential.

Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.

Investec is launching an inflation-linked fund, targeting a return of CPI inflation plus 5%, as part of an expansion of its Managed Solutions fund range.

Monetary Policy Committee(MPC) member Adam Posen has revealed his reasons for abandoning his call for further stimulus to boost the UK economy, following the publication of this month's minutes.

Barclays has bowed to pressure from shareholders ahead of its AGM by putting a new clause into boss Bob Diamond's bonus package which could cut his payout in half.

Analysts at Investec Bank have warned investors RBS shares will not rocket back to highs seen last summer, as returns on equity continue to be constrained.