Equities

The Bank of England's deputy governor Paul Tucker has asked to be allowed to address the Treasury Select Committee following the revelation he contacted Bob Diamond to discuss Barclays' LIBOR submissions.

The Glencore and Xstrata merger has come under increasing pressure as activist investor Knight Vinke has become the latest critic of the deal, calling for Glencore to up its offer.

Manchester United is set to float onto the New York Stock Exchange, seeking to raise $100m in an IPO.

Gold could be the best asset class to own in 2013 if inflation starts to pick up following major stimulus programmes from central banks, Fidelity's global strategist Andrew Wells has said.

Martin Currie Investment Management has hired a North American specialist manager, in a bid to turnaround performance of its flagship fund which has slumped to the bottom quartile of the IMA North America sector.

The reputation of the UK banking sector hit a new low last week after the FSA hit Barclays with its largest ever fine of £59.5m for breaching LIBOR regulations.

ON EUROPE

Investors piled into risk assets today as the results of last night's summit talks in Europe gave investors hope that an end to the crisis is in sight.

Europe can learn some important lessons from the historical development of emerging economies as it attempts to resolve its sovereign debt crisis, Franklin Templeton's Mark Mobius has said.

Stephen Hester, chief executive of Royal Bank of Scotland, has given up his £2.4m bonus for 2012 following the computer meltdown at the bailed out bank.