UK

Crispin Odey has received planning permission for a £100,000 luxury chicken coop which will sit in the grounds of his country pile in rural Gloucestershire.

High street retailer JJB Sports is set to announce it is calling in administrators, according to a report by Sky News.

MAM Funds is preparing to expand its product range with the addition of a UK smaller companies fund for Gervais Williams and a US equity fund for Nick Ford.

M&G's co-head of fixed income Jim Leaviss has warned the UK could face losing its AAA rating on 5 December, the day of the Autumn Statement, as the growing budget deficit could force George Osborne to abandon plans for fiscal consolidation.

A former security chief at Lloyds Banking Group has been jailed for five years for submitting false invoices to claim payments from the bank.

Connaught Asset Management has entered administration following the suspension of its three unregulated collective investment schemes (UCISs).

Bank of England governor Mervyn King has called the end of the recession in the UK and pointed to signs of growth returning to the economy.

Kevin Addison has joined US fund of funds provider SEI as managing director of UK asset management distribution.

Former deputy governor of the Bank of England Rachel Lomax has ruled herself out of replacing Mervyn King next year, saying she has "moved on" from the central bank.

The former UBS trader accused of losing the bank more than $2bn in unauthorised trades owed money to eight payday loan firms when he was arrested last year, a court heard yesterday.