Markets

The FTSE 100 has reversed gains made earlier this week after the International Monetary Fund (IMF) walked out of bailout talks with Greece.

Improving employment figures in the US are encouraging Premier Asset Management's Jake Robbins to increase his exposure to US healthcare companies.

The FTSE 100 climbed in morning trading despite a 4% slump in Royal Mail shares as RBS and Sainsbury lifted UK blue chips.

Bank of England governor Mark Carney has used the annual Mansion House speech to warn that asset managers must prepare for the consequences of normalising monetary conditions.

Chancellor George Osborne is to begin selling the government's 80% stake in Royal Bank of Scotland at a loss, saying any further delay could jeopardise the economy.

F&C has confirmed its sales and distribution businesses are to rebrand as BMO Global Asset Management, as the fund house becomes more closely integrated with its parent firm.

Miners and financial are dragging down the FTSE 100 index this morning, with HSBC among the biggest fallers following the news of further cost-cutting at the bank.

Aberdeen Asset Management's head of acquisitions Hugh Little is to retire from the business after almost three decades at the fund house.

Aberdeen Asset Management is to merge away five funds formerly managed by Scottish Widows Investment Partnership (SWIP) as it continues to rationalise its range.

Investment Week publisher Incisive Media is to acquire risk technology business Chartis Research.