Italian and Spanish authorities both moved to ban short-selling today after shares plunged across the globe on fears Greece will fail to meet bailout pledges.

Global equity markets are tumbling this morning as the eurozone crisis once again takes centre stage, with Spain's debt costs leaping to a new record high and speculation returning Greece will exit the single currency.

A government-backed report on the UK's financial services industry is expected to call for an end to the requirement for companies to issue quarterly updates.

Graham French, M&G's popular global equity manager, has committed to run his Global Basics fund until at least 2020, Investment Week can reveal.

Barclays continues to face a leadership crisis following the LIBOR scandal, with two of its most senior executives ruling themselves out of going for the top jobs at the bank over the weekend.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

Shares in Resolution Limited are selling off sharply this afternoon after it scrapped a planned £250m payment to shareholders amid a warning over its capital position.

The S&P 500 climbed to a two-month peak last night, closing at its highest level since early May.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

Leading fund managers including Richard Buxton at Schroders have been increasing their exposure to major UK banks following the LIBOR scandal which has rocked the sector.