Equities

UK EQUITIES

The Chinese renminbi has seen its worst fall in value since 2005, after tumbling overnight.

Old Mutual Wealth has bought advice network Intrinsic for an undisclosed sum as it continues its growth strategy across a number of channels.

Invesco Perpetual has made a major change to its charging structure across its range of funds, scrapping the annual management charge in favour of a single charge which encompasses all costs.

Major UK financials were in the doldrums today, with both Royal Bank of Scotland and Standard Life sharply lower in early trading following updates from the businesses.

ON EMS

Henderson today reported a bumper set of results for 2013, including record profits, following a return to positive UK retail flows.

ON ENERGY

Emerging markets specialist Ashmore recorded outflows of almost $3bn in the six months to 31 December as the sell-off in the asset class continues.

The FTSE 100 reached a 14-year high yesterday while the S&P 500 hit a new record level, lifted by M&A activity.