Henderson Global Investors has revealed assets under management (AUM) fell £1.2bn in the Q1 of this year following the transfer of cash funds to DB Advisors.

Oil major BP has agreed a deal with the US Department of Justice to pay $25m following the Prudhoe Bay oil spill in 2006.

AXA Investment Managers is to hand its Health and Biotech funds to Mark Hargraves and Bruno Grandsard on a temporary basis.

The price of gold soared yesterday to hit a new record before falling back following the death of the world's most wanted man, Osama Bin Laden.

The Witan Pacific investment trust has declared a final dividend of 2.8p, a rise of one-third year on year, after seeing the NAV soar more than 25%.

The Federal Reserve last night cut its growth forecast for the US and warned inflation is higher than expected, while hinting QE2 is on track to finish in June as planned.

Fidelity is proposing to merge James Griffin's £151m Growth & Income fund into his £484m MoneyBuilder Growth fund.

Barclays has revealed pre-tax profits fell to £1.66bn in the first quarter of 2011, 9% lower than the £1.82bn it made in Q1 2010.

Standard & Poor's has cut Japan's sovereign rating outlook to negative following the devastation caused by last month's earthquake and tsunami.

Greek bond yields rose sharply again today as the country's fiscal situation was revealed to be more precarious than feared.