Markets

Prudential has been paid £155m for the sale of its 25% stake in PruHealth and PruProtect to South African insurance group Discovery.

Neil Woodford has increased the number of unlisted stocks held within the £3.4bn Woodford Equity Income fund to ten after initiating four new investments last month.

New rules have been announced by the Financial Stability Board (FSB) that propose preventing large banks from being bailed out by the taxpayer.

Stocks in Shanghai and Hong Kong have rallied after authorities confirmed the trading link between the two cities' exchanges is to open next week.

Old Mutual Global Investors is to introduce a fixed ongoing charges figure (OCF) across its fund range next year, and will also implement a volume discount for its largest funds.

'Investors in big oil stocks should be very nervous'

US shares have continued to rally after European Central Bank (ECB) president Mario Draghi laid the groundwork for full blown quantitative easing in the eurozone.

The European Central Bank (ECB) is increasingly likely to announce full quantitative easing before the end of the year, interpretations of president Mario Draghi's latest comments suggest.

Jupiter chief investment officer John Chatfeild-Roberts has sold a stake in the company worth almost £2.3m after exercising share options.

Schroders chief executive Michael Dobson has played down the impact of a potential unbundling of dealing commissions on the business, saying analyst concerns are exaggerated.