The Serious Fraud Office (SFO) has apologised to property tycoon Vincent Tchenguiz over the way it handled an investigation into the billionaire's involvement in Icelandic bank Kaupthing.

The latest round of quantitiative easing is a threat to future economic growth in the UK, Fidelity's bond star Ian Spreadbury has warned.

Barclays Stockbrokers has partnered with Fidelity FundsNetwork to launch an enhanced version of its platform.

The Bank of England's Monetary Policy Committee (MPC) was divided over its quantitative easing programme earlier this month, with two members calling for the asset purchase programme to be increased by £75bn.

BlackRock has removed Mark Lyttleton from its UK fund, handing the £449m portfolio to co-manager Nick Little.

PAYING THE LOCUSTS

The euro rose sharply against the dollar as news of the €130bn loan to Greece was announced.

Greece will receive emergency funding of €130bn after a second bailout of the stricken nation was agreed.

The FTSE 100 raced to its highest level in seven months this morning, having made solid gains last week, as mounting optimism over a successful Greek deal lifted sentiment.

Shares in the US raced near to highs last seen in 2011, while UK indices reached new highs for 2012, as investors welcomed further talks between Germany and Greece.