Markets

Former Standard Life Investments fund manager Lance Phillips has joined L&G Investment Management as head of active equities.

The FTSE continued to make huge gains in afternoon trading, reaching its highest level since late March after the Federal Reserve unveiled its third round of quantitative easing.

The salary and pension deal for the next governor of the Bank of England is still 'undecided', the BBC has claimed.

Experts have questioned how effective the latest round of quantitative easing (QE) in the US will be, with the chances of success "finely balanced".

The salary and pension deal for the next governor of the Bank of England is still 'undecided', the BBC reports.

Billionaire investor George Soros has said the eurozone crisis will only be resolved when Germany "wakes up" and realises it is to blame for introducing a single currency in the first place.

The FTSE 100 gained more than 80 points in early trading while global markets leapt higher overnight, lifted by the Federal Reserve's latest round of quantitative easing.

The Federal Reserve has unleashed a third round of quantitative easing to support the US economy following a wave of poor data and a weakening labour market.

M&A

Insight Investment Management is set to acquire currency specialist Pareto Investment Management early next year.