Economics

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

Crispin Odey, the founder of Odey Asset Management, and Pierre Lagrange, the co-founder and fund manager of GLG, have both made it into a list of the country's wealthiest hedgies.

UBS could be hit with a record penalty by the Financial Services Authority (FSA) next week following the rogue trade which cost the bank $2.3bn.

The FTSE 100 has added to recent gains in early trading this morning, raising the prospect of the index posting its largest weekly gain since last December.

M&G's Steven Andrew has moved to invest in Chinese equities in his Episode Income fund after labelling the region the cheapest equity market.

Investec Asset Management has moved to limit inflows into its award-winning UK Smaller Companies fund, run by Phil Rodrigs.

The minutes of the last Monetary Policy Committee meeting held on 7 and 8 November reveal David Miles was the only member calling for a boost to the Bank of England's quantitative easing programme.

EUROPE

Eurozone finance ministers have failed to reach a deal to give Greece the next tranche of its bailout, after 12 hours of talks.

The state of banks' financial health remains "obscure" and means they should be avoided by investors for now, Liontrust's Jan Luthman has said.