Markets

Online encyclopedia Wikipedia could be used to indicate future movements in the stock market, a new study has suggested.

IMA chief executive Daniel Godfrey says there is "no reason" why fund groups should not be able to agree a methodology for displaying costs more transparently by the end of 2013.

Shares in online grocer Ocado have risen 30% this morning on news of a deal to provide fellow retailer Morrisons with an online delivery service.

Former BP chief executive Tony Hayward will become interim chairman of merged commodities giant Glencore Xstrata, after shareholders ousted Xstrata incumbent Sir John Bond.

Turkey's credit rating has been lifted to investment grade by Moody's for the first time in two decades, in recognition of reductions to its debt and current account deficits.

Polar Capital is set to launch a Global Financials Investment trust for managers John Yakas and Nick Brind, in a move to exploit lowly valuations of banks across the world, Investment Week understands.

JAPAN

The High Court has ruled HM Revenue and Customs' 2010 tax deal with Goldman Sachs was not illegal.

UK North Sea oil production represents a key opportunity for UK equity managers as capex increases and production ramps up, according to AXA Framlington's Nigel Thomas.

US-based Janus Capital has replaced the manager of its US Twenty fund Ron Sachs, who will exit the group this month.