Markets

Outgoing Bank of England governor Sir Mervyn King is to appear on BBC Radio 4's Desert Island Discs on Sunday.

Artemis has poached Richard Pursglove from Goldman Sachs Asset Management to head its retail business.

HSBC Global Asset Management has made two promotions within its Asian equities team.

Lloyds Banking Group is to sell its loss-making international private banking business to Swiss bank Union Bancaire Privée (UBP).

The pound could fall by as much as 15% against the US dollar from its current level, back to decade-long lows, if Mark Carney moves to devalue the pound via further QE over the next few years, PIMCO has warned.

Shares in wealth manager Brewin Dolphin should be trading more than 75% higher than their current level over the long term, according to analysts at Panmure Gordon.

Major indices across Europe have opened lower this morning, reversing gains made yesterday as the IMF cut Chinese growth forecasts.

Wealth manager Brewin Dolphin is planning a £40m capital raising through a share placing, as it sees pre-tax profits almost halve in the six months to March.

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