Shares in Barclays and its peers moved higher in early trading despite the bank's move to settle PPI claims.

Man Group has hired ex-Gartmore employee Warren Shiels as director of its UK retail business.

Henderson Global Investors is to merge the three Gartmore Multi-Manager funds run by Tony Lanning and Bill McQuaker into its own range as part of an overhaul of its offering.

Marlborough Fund Managers is expanding its range of income funds with the launch of a multi-cap income portfolio for star manager Giles Hargreave, and Siddarth Chand Lall.

HSBC has agreed to shell out $62m to investors in a hedge fund that fed money to Bernard Madoff.

The International Monetary Fund (IMF) has warned UK inflation will remain above 4% for most of this year because of external factors.

Net retail sales of funds dropped by £100m year on year in April, the Investment Management Association (IMA) has revealed.

US shares moved lower at opening, exacerbating falls in Europe, as yet more negative jobs data weighed on investors.

Woeful economic data in the US and a three notch downgrade of Greece's credit rating saw global markets tumble overnight.

Three of Ireland's lenders could impose losses of up to 90% on bondholders under plans to see them help pay for the recapitilisation of the country's banking system.