UK

UBS has upgraded Aberdeen Asset Management from neutral to buy after the group confirmed it is in talks to buy Scottish Widows Investment Partnership (SWIP).

Shares in Aberdeen Asset Management have jumped more than 5% in afternoon trading, after the group confirmed it is in talks to acquire Scottish Widows Investment Partnership (SWIP).

Aberdeen Asset Management has said it is in discussion with Lloyds Banking Group over a possible acquisition of Scottish Widows Investment Partnership.

The former boss of the Co-op was lambasted by MPs for having ‘selective amnesia' after he claimed its stricken bank is an innocent victim of the financial crash.

Activist hedge fund the Children's Investment Fund (TCI) is the largest private shareholder in newly listed Royal Mail, a regulatory filing has revealed.

Mark Carney, the new Governor of the Bank of England, is pushing ahead with a strategic review of the institution's resources and priorities, just three months in to the job.

Billionaire investor Warren Buffett has cut his stake in Tesco, days after the food retailer posted a major profit slump.

The FCA has temporarily suspended 11 of Co-op Bank's bonds on the request of the company, pending an announcement of a rescue plan by parent company Co-op Group.

Goldman Sachs Asset Management (GSAM) is to acquire RBS' range of money market funds.

UK EQUITY ALPHA