Markets

George Soros has sold down all his gold holdings and has stocked up on unloved retailer JC Penney, nutrition supplement firm Herbalife, and tech giant Apple.

Fitch Ratings has said any potential break-up of Royal Bank of Scotland (RBS) is 'unlikely' as the costs and risks would outweigh the benefits.

Two former J.P. Morgan traders have been charged in the US over the scandal that saw the bank sustain losses of $6bn.

Sir Mervyn King was handed roughly £13,000 of leaving presents, including a £10,000 portrait of himself, when he left the Bank of England in June.

The eurozone has come out of recession, recording GDP growth of 0.3% in the second quarter to bring a record 18-month contraction to an end.

Sterling rose against other major currencies this morning after the minutes from Monetary Policy Committee (MPC) meeting showed most members backed Mark Carney's forward guidance policy on interest rates.

Shares of technology firm Apple soared yesterday after billionaire investor Carl Icahn revealed he had taken a large stake in the company, and is pushing for higher payouts to shareholders.

Global fund managers have become significantly more confident on the outlook for growth, according to a survey by Bank of America Merrill Lynch.

Financial services group Resolution helped push the FTSE 100 index higher this morning after better-than-expected half-yearly results.

Aviva Investors has hired Sunita Kara from Baring Asset Management as portfolio manager for European high yield.