Markets

Jupiter has promoted James Zimmerman to lead manager of its £60m UK Smaller Companies portfolio as Richard Curling steps back.

Renewed yen weakness could bring about a fresh global currency war resulting in a 'tidal wave of deflation' in China and the West, Société Générale's Albert Edwards has warned.

The government is to move a step closer to selling its stake in RBS, with Chancellor George Osborne set to lay out plans for its privatisation in a speech next week.

HSBC has confirmed it is planning to cut up to 25,000 jobs, including 8,000 posts in the UK, to target annual savings of up to $5bn (£3.3.bn).

The Conservatives have promised 'no new taxes' this Parliament, but George Osborne's 8 July Budget will still contain tax issues for wealth managers to consider, according to law firm Payne Hicks Beach,

Darren Pilbeam, head of UK retail sales, Natixis Global Asset Management

Caspar Rock, head of Architas Multi-Managers

The Treasury has further sold down its stake in Lloyds Banking Group, and has committed to a retail share sale within the next 12 months as the bank's share price continues to recover.

Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.

Aviva Investors has appointed Aria Capital Management's James Tothill as head of third party sales.