Markets

The chairman of UK Financial Investments, the body responsible for the government's stake in RBS and Lloyds, has warned the former could face further fines from regulators over sales linked to the US sub-prime mortgage crisis.

UBS Global Asset Management has closed its UBS Global Diversified fund as it continues to streamline its UK fund range.

UK CPI inflation dropped to 2.2% in October, a larger-than-expected fall that sent sterling to a two-month low against the dollar.

Twitter shares have dropped below $40 on Monday for the first time since they were listed listed last week, as investors began to take profits.

Vodafone is to invest an extra £1bn to improve its mobile network as it points to tough trading conditions in the first half of the year.

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Troy's Francis Brooke has used inflows into his £1.3bn Trojan Income fund to initiate a position in Lloyds Banking Group ahead of the bank's return to the dividend register.

Ruffer's Steve Russell and Hamish Baillie have revealed they remain cautious on equity market valuations, questioning the sustainability of recent gains.

Shares in BSkyB have shed 10% in early trading as investors took a dim view of its loss of Champions League football rights to rival BT.