Markets

The Financial Services Authority (FSA) has fined UBS AG (UBS) £29.7 million for failing to prevent large scale unauthorised trading which lost the bank over $2bn.

Paul Tucker, the deputy governor of the Bank of England, could take the top job at the Bank as early as this week.

Crispin Odey, the founder of Odey Asset Management, and Pierre Lagrange, the co-founder and fund manager of GLG, have both made it into a list of the country's wealthiest hedgies.

Demand for gold coins and bars has fallen by a third, year on year, from a record high in 2011, according to the World Gold Council.

UBS could be hit with a record penalty by the Financial Services Authority (FSA) next week following the rogue trade which cost the bank $2.3bn.

The UK's main inflation rate jumped sharply to 2.7% in October, catching out forecasts and prompting fresh worries it will remain above target for longer than feared.

The FTSE 100 has added to recent gains in early trading this morning, raising the prospect of the index posting its largest weekly gain since last December.

M&G's Steven Andrew has moved to invest in Chinese equities in his Episode Income fund after labelling the region the cheapest equity market.

With investors worried about global growth, and 'safe-haven' government bonds yielding near record-low amounts, investors have piled into 'defensive' stocks, but are they just too pricey now? Below, experts give their views.

F&C has appointed Ross Duncton to spearhead its new direct to consumer push, part of chairman Edward Bramson's strategic review of the business.