HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'

Rathbone Unit Trust Management (RUTM) is planning to launch clean, low-cost share classes priced at 0.75% AMC across its fund range next year.

Part nationalised bank Royal Bank of Scotland today reported clean operating profits had fallen sharply in the third quarter, while it had also taken a loss on its Greek debt holdings.

The deputy governor of the Bank of England has revealed how the Monetary Policy Committee (MPC) nearly raised rates earlier this year, before the downturn hit markets.

Aberdeen Asset Management has moved to make its Infrastructure fund more exposed to emerging market listed companies as part of an overhaul of its offshore range.

US shares moved higher at opening having seen heavy falls Tuesday, as positive jobs data boosted prices.

Fidelity's star bond fund manager Ian Spreadbury has warned some parts of the bond markets are under more pressure than during the height of the credit crunch.

Greece's Prime Minister George Papandreou has called an emergency cabinet meeting for this afternoon as speculation mounts the country's government is about to collapse.

Greece sent markets tumbling overnight and this morning after announcing plans to hold a referendum on the European debt deal designed to save the country.

Barclays has written down the value of its stake in asset manager BlackRock after a sharp fall in the US firm's share price.