Markets

MAM Funds is preparing to expand its product range with the addition of a UK smaller companies fund for Gervais Williams and a US equity fund for Nick Ford.

European markets were well into positive territory in afternoon trading, lifted by Spanish bailout talk, while in the US, Apple's latest iPhone sent its shares up to a new peak.

UBS turned a blind eye when traders broke the bank's own internal rules, as long as they made a profit for the bank, the lawyer defending 'rogue trader' Kweku Adoboli has argued.

M&G's co-head of fixed income Jim Leaviss has warned the UK could face losing its AAA rating on 5 December, the day of the Autumn Statement, as the growing budget deficit could force George Osborne to abandon plans for fiscal consolidation.

A former security chief at Lloyds Banking Group has been jailed for five years for submitting false invoices to claim payments from the bank.

Connaught Asset Management has entered administration following the suspension of its three unregulated collective investment schemes (UCISs).

Victims of Bernard Madoff's fraud are being mailed a slice of a $2.4bn payout, bringing their total recovery amount so far to more than triple the amount initially set aside.

Bank of England governor Mervyn King has called the end of the recession in the UK and pointed to signs of growth returning to the economy.

Investec portfolio manager Max King explains why, with corporate earnings beginning to catch up to the market, the perfect time to buy equities is now, before monetary policy begins to tighten once more.

The FTSE 100 looks set to replicate the falls seen in Asian markets overnight as weak manufacturing data from China dragged on shares and sent metal prices downwards.