Markets

The Royal London group has agreed with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London's offshore arm 360° and subsidiaries for an undisclosed sum.

Barclays is to cut 1,700 UK branch jobs from 2014 as customers move online for services.

Janet Yellen has defended the Federal Reserve's quantitative easing programme in her first appearance before Congress.

Former Sarasin manager David Vickers has joined Russell Investments to run its flagship £1.2bn Multi-Asset Growth Strategy.

Jupiter's Peter Lawery has said the next five years promise to be uncomfortable for investors as they try to dodge 'punches' in the form of central bank policy moves.

Charles Stanley has agreed a deal to buy Evercore Pan Asset Capital Management, the passive portfolio specialist co-founded by John Redwood MP.

M&G's retail funds under management are up 24% year on year to £64.5bn at 30 September, driven primarily by strong inflows from European clients, with UK flows turning positive again in Q3.

The Nikkei rose almost 3% to hit a six-month high overnight after comments in parliament by the Japanese finance minister on currency intervention.

Stockbroker and discretionary wealth manager Charles Stanley today reported a jump in revenues and profits, and a hike in its interim dividend, as it continues to benefit from a shift among clients either moving to self-invest or to use discretionary...

Growth in Japan halved in the third quarter compared to the previous reading, the country's government reported overnight, with weaker consumption and exports pushing growth down.