Markets

Sanjeev Shah has stepped down as manager of Fidelity's Special Values investment trust, after requesting to be taken off the mandate.

Asset management and advisory group Ashcourt Rowan has narrowed its losses after implementing a programme of cost savings following a strategic review of the business.

Brussels is proposing new rules to prevent the manipulation of LIBOR as part of a crackdown in the wake of the rate-fixing scandal.

The Royal Bank of Scotland (RBS) is fighting against a court order which requires it to co-operate with an international criminal investigation into rate-fixing.

CBI economist Ian McCafferty has become an external member of the Bank of England's Monetary Policy Committee (MPC).

Wealth management group Ashcourt Rowan has appointed two chief executives to head up its financial planning and asset management divisions.

Thames River Capital's Jeremy Charles has joined Old Mutual Wealth Management as chief operating officer.

Former chief executive Bob Diamond is facing a battle to keep his £25m payoff from Barclays after it emerged the bank's board is looking into its legal position on his entitlements.

Neptune's Robin Geffen has revealed the ‘best of British brands' he backs in his £1.3bn Income fund which are soaring due to emerging markets consumer demand.

The European Central Bank has cut interest rates to a record low, from 1% to 0.75%, mimicking action taken around the globe today, as the authorities move to rescue the deteriorating global economy.