Economics

Investec is considering the sale of Kensington, its intermediary mortgage business in the UK, and has appointed Fenchurch Advisory to conduct the procedure.

Jupiter's emerging Europe specialist Elena Shaftan is to retire from the group, with her funds handed over to Kathryn Langridge, Investment Week understands.

Hargreaves Lansdown shares have fallen sharply this morning after the group announced its interim results and a reversal of some of its new pricing plans.

Edward Bonham Carter has compared the reaction of markets to the end of ultra-loose policy to "Lance Armstrong coming off the drugs" in one of his final speeches as Jupiter chief executive.

Former Royal Bank of Scotland head Stephen Hester is to join insurer RSA as CEO with immediate effect.

The MSCI Asia ex-Japan index hit its lowest level for four months yesterday, after disappointing US construction data.

Schroders has increased its stake in Liontrust Asset Management to 23% following the boutique's latest results.

Lloyds Banking Group has said it expects to report a "small" pre-tax profit for 2013 and intends to restart dividend payments in the second half of this year.

Global equity markets are on course for their worst start to the year since 2010 following the declines sparked by troubles in emerging markets over the last week.

The S&P 500 saw its biggest gain in more than a month on Thursday, supported by technology stocks and strong GDP data.