Markets

Schroders' head of UK equities Richard Buxton bought more Barclays shares the day chief executive Bob Diamond quit, he has revealed.

Henderson Global Investors is making its institutional share classes available to retail investors, and launching a range of 0.75% share classes, ahead of the RDR deadline at the end of the year.

Sterling has been backed to extend gains against the euro despite rising to a three-and-a-half-year high this week, as investors' fears over the future of the eurozone play out in money markets.

Barclays former chief executive Bob Diamond has said he is "dismayed" MPs have questioned the truthfulness of answers he provided to the Treasury Select Committee.

The FSA's chairman Lord Adair Turner warned Barclays earlier this year its reputation in the wider market was being damaged by its own submissions to banking bodies and its handling of trading books.

Mervyn King, the governor of the Bank of England, told Barclays' Marcus Agius on 2 July that Bob Diamond had lost the support of the regulator.

Barclays former chief executive Bob Diamond has opted to give up a deferred bonus owed to him from his former bank, worth up to £20m.

ON NORTH AMERICA

PROFIT WARNINGS

The US Federal Reserve raised concerns about LIBOR as early as 2007 and shared proposals for reform with the UK regulator, according to reports.