Investec's Alastair Mundy has warned against investing in UK banks despite historically low valuations, with the threat of nationalisation looming large over leaders in the sector.

Fidelity's Anthony Bolton has doubled his holding in banking giant HSBC within his China Special Situations investment trust.

BP's better than expected results lifted shares in the oil major today, but investors and analysts remain divided about whether to overweight the stock.

The UK's Debt Management Office (DMO) has launched what it believes to be the longest dated inflation-linked government bond in the world after unveiling a tranche of 50-year gilts.

Swiss banking giant UBS surprised analysts this morning with better than expected profits in Q3 despite the high profile tradng scandal which cost it CHF1.8bn (£1.3bn).

BP saw profits soar in the third quarter as it prepares to sell off a further $15bn worth of assets, and the CEO pledges to boost the oil major's dividend and increase share buybacks.

JO Hambro Capital Management's (JOHCM) Clive Beagles has bought into UK food giant Tesco for the first time in seven years amid expectations the group will renew its focus on payouts.

Schroders is to launch a range of Z share classes across its UK fund range next month which do not pay trail commission.

The FTSE 100 soared to its highest level since early August in morning trading, as investors remained hopeful of a resolution in Europe.

US banking giant Goldman Sachs has reported a loss of $428m (£272m), worse than analysts had been expecting.