Markets

Royal London Asset Management's Ivor Pether will take over management of the £405m RLAM UK Equity fund following the departure of the firm's head of equities, Jane Coffey.

Yields on UK government debt were climbing early this morning following Moody's decision to downgrade the UK's credit rating to Aa1, but equity investors shrugged off the news to send markets higher.

Moody's decision to strip the UK of its AAA credit rating on Friday night will have a further negative impact on sterling and could hit gilts too, analysts have suggested.

Moody's has stripped the UK of its AAA credit rating on fears over rising government debt and years of slow economic growth ahead.

Jenny Cosgrave talks to three wealth managers about their top fund picks.

The FTSE 100 has moved back above 6,300 as investors shrug off a dismal Thursday to end the week on a more positive note.

Financier Nathan Rothschild has lost his high profile battle to replace the board of coal miner Bumi.

US shares fell for the second day running overnight as investors continued to take profits after the recent run-up to multi-year highs.

British defence giant BAE has started a three-year share buyback programme of up to £1bn, despite reporting declines in full year pre-tax profits and revenues.

The FTSE 100 tumbled nearly 2% in morning trading after the US Federal Reserve spooked markets yesterday by warning it may slow its asset purchase programme.