Leading bond fund manager Jim Leaviss has questioned why investors - other than pension funds - should be interested in 100-year gilts, amid reports the Chancellor is gearing up to unveil them next week.

Chancellor George Osborne is considering launching a new super long dated gilt running with a maturity of 100 years, according to reports.

The Financial Services Authority (FSA) is taking a closer look at firms operating as Authorised Corporate Directors (ACD), after warning of potential conflicts of interest.

Leading investors cast doubt on much-vaunted re-rating of lacklustre gold mining shares.

Shares in beleaguered video games retailer GAME plunged by two-thirds in early trading after it warned shareholders stakes may be worthless.

Ardevora Asset Management is launching its first UK-domiciled fund for managers Jeremy Lang (pictured) and William Pattisson, in conjunction with Margetts Fund Management.

Insurance giant Old Mutual, the parent of fund supermarket Skandia, saw shares lead the FTSE 100 in early trading after reporting a jump in profits.

Greece has confirmed it received enough support from creditors to carry out a vital debt swap which drastically cuts the value of debt owned by bondholders.

Markets in the UK and across Europe were gaining this morning, with investors optimistic holders of Greek debt will agree to a restructured deal.

Alan Brown, the chief investment officer at Schroders, is to step down from the board and from his role as CIO at the next AGM.