Aberdeen Asset Management's chief executive Martin Gilbert has sold 1 million shares in the asset manager, worth over £4m.

Barclays has questioned the impact of Henderson's 'costly' advertising campaign, which featured former Chelsea manager José Mourinho.

An activist shareholder is demanding US technology giant Apple pay out more of its $137bn (£87bn) cash pile to investors.

Henderson has appointed the former dean of Cass Business School, Richard Gillingwater, as its new chairman.

Barclays analysts have labelled Jupiter, Aberdeen and Hargreaves Lansdown as the three UK asset managers to buy, in its latest note on the sector.

Global markets, including the FTSE, pulled back sharply yesterday from multi-year highs, as political uncertainty in Spain and Italy spooked investors.

Platform giant Skandia has reversed its post-RDR stance requiring advisers who take a percentage fee to get a new client agreement every time a top-up into an investment is made.

Former Cofunds head of sales and marketing Alastair Conway has joined James Hay Partnership as chief executive.

Paul Feeney has told Investment Week the terms negotiated on Skandia's soon-to-be-launched Select fund range will enable the group to offer the "best model portfolio service" to UK advisers and help them take power back from other distributors.

BT provided an extra boost to a number of popular income portfolios today after its latest jump in profitability sent shares in the group to the top of the FTSE 100 leaderboard.