Markets

Legg Mason Global Asset Management has launched a global macro bond fund through its fixed income subsidiary Western Asset.

Daniel Lee, former head of discretionary at Cazenove, has joined Allianz Global Investors as a sales director in its UK team.

Sterling hit a five-year high on Monday as data from the UK's manufacturing sector came in stronger than expected.

Supermarkets are weighing on the FTSE 100 index today as worries escalate over price wars between the UK's leading food stores.

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Fund management staff earning more than €1m at UK banks saw pay almost double in 2012, according to European Banking Authority (EBA) data.

Rathbone Brothers chief executive Andy Pomfret is to retire on 28 February 2014 after almost a decade in charge of the wealth manager.

Chancellor George Osborne is to highlight a forthcoming sale of Lloyds Banking Group shares to retail investors in the Autumn Statement, according to reports.