Markets

Former Schroders manager Giles Money has joined PIMCO's global equity team.

The government has recovered a further £1.3bn from the Landsbanki estate in Iceland, which operated as Icesave in the UK, following its collapse at the height of the financial crisis.

Vladimir Putin has said Russia could take as long as two years to recover from its burgeoning economic crisis.

2014 was a great era for merger and acquisitions, but managers expecting another bonanza year should think again - M&A activity will likely be more subdued next year, says AXA Framlington's Jamie Forbes-Wilson.

A hawkish statement from the Federal Reserve has been perceived by markets as another step towards an interest rate rise, although it is unlikely to come before April 2015.

Media tycoon Richard Desmond has agreed to settle his £42m court case against Credit Suisse and GLG, accepting a significant settlement figure, according to reports.

The UK government is to sell another tranche of shares in Lloyds Banking Group as it moves to return the bank to private ownership.

Managers have been grappling with the strong pound this year, as UK companies with overseas earnings have been hindered by currency strength. But that headwind will turn in to a tailwind in 2015, OMGI's Stephen Message predicts.

In an exclusive interview, Hugh Hendry explains his 'out of the box' thinking, analyses a policymaking pivot, and responds to critics who claim he has 'gone over to the dark side'.

UK inflation is likely to remain below target for longer, but some members of the Monetary Policy Committee (MPC) see possible risk factors that could cause it to overshoot its 2% target in the coming year.