Old Mutual Global Investors has confirmed it has hired Schroders star Richard Buxton as its new head of UK equities, with the manager set to run a UK Alpha equity fund.

Outgoing Bank of England(BoE) governor Sir Mervyn King said last night the pound is now "properly valued" in a move to halt its slide.

US regulators are scrutinising whether prices are being manipulated in the world's largest gold market, based in London.

Leading platform Fidelity FundsNetwork expects HMRC to rule imminently that rebates paid to consumers are taxable.

M&G's Mike Riddell has predicted further falls for sterling in the face of 'rampant' selling from the 'currency vigilantes', amid a drop in sterling yesterday to a new multi-year low.

Schroders' head of UK equities Richard Buxton has been snapping up shares in St James's Place which are being sold by the group's parent Lloyds, according to reports.

The Financial Services Authority is planning to ban rebates on legacy business which are paid by fund groups to platforms from 2016, in a move which will shake up the platform industry and force providers to charge groups for additional services.

Billionaire Wall Street hedge fund titan John Paulson is reportedly planning to move to Caribbean island Puerto Rico to cut his tax bill.

Chancellor George Osborne's Budget next week runs the risk of being a "dangerous missed opportunity" if he sticks to his guns on austerity, leading economist Roger Bootle (pictured) has said.

While markets are nearing - or passing through - nominal highs, in reality, UK shares would need to climb much higher just to meet inflation-adjusted pre-crisis highs of 2007.