Markets

Miton's Gervais Williams has been named as the new manager on the £12m Investment Company plc, prompting a near 30% rise in the trust's shares.

The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by the International Monetary Fund (IMF), according to analysis.

The Dow Jones index broke through the 15,000 point threshold for the first time ever on Tuesday.

Dalton SP's Nabeel Mughal has cut consumer discretionary stocks and piled the cash into industrials on fears over the strength of US consumer spending.

M&G saw funds under management hit a new record in Q1 as strong sales in Europe offset outflows from the UK market after moves to slow flows into its leading bond fund range.

HSBC has reported profits doubled in the first quarter of the year compared to the same period in 2012 as the lender nears the end of a three-year restructuring programme.

Veteran investor Warren Buffett has told investors Ben Bernanke's interest rate policy has been "brutal" for holders of bonds and punishing to savers.

AXA Wealth's Elevate platform has seen assets under management increase 50% from £4bn to £6bn, according to its first quarter results.

Japan's main equity market surged to a five-year high on the first day of trading after the country's Golden Week public holiday.

The FTSE 100 has hit a new five-year high after better-than-expected US jobs data sparked a 50 point rise in the blue chip index.