Shares in the US and across Asia fell overnight as investors fretted over the outlook for global growth, amid weak data from the US.

Mike Riddell, bond fund manager at M&G, has warned investors the recovery in the UK is weaker than the one seen after the Great Depression in the 1930s.

This week the Financial Services Authority hit private bank Coutts with an £8.75m fine after it found the bank had failed to operate in a way which prevented money laundering.

Markets in Asia tumbled overnight, with China's domestic market selling off sharply, amid ongoing concerns over the recovery in the west.

Government body UK Financial Investments is in talks to sell £10bn worth of RBS shares to a consortium of investors led by Sheikh Mansour, the owner of Manchester City Football Club, according to reports.

James Henderson has managed Henderson Global Investors' UK Equity Income fund since 2005, taking on the mandate after a long spell at the asset manager.

Shares in Royal Bank of Scotland topped the FTSE 100 this afternoon following reports Abu Dhabi's sovereign wealth fund is considering buying a 'significant stake' in the bank.

The UK government is in advanced talks to sell a significant stake in the Royal Bank of Scotland (RBS) to Abu Dhabi.

Aberdeen Asset Management led the FTSE 100 leader board in afternoon trading after a trading update showed assets under management had soared by over 5% in two months.

Investors ask whether falling Chinese housing starts could trigger end of commodity super-cycle.