Markets

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.

Hermes has listed its 11-strong suite of UCITS funds in the IMA sectors, ramping up its push into the UK wholesale market just as Jupiter's John Chatfeild-Roberts buys into one offering.

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