UK

Photos of HM Revenue & Customs (HMRC)'s 'most wanted' tax evaders have been posted online to prompt the public to report them.

Former Architas multi-manager Richard Philbin has joined Hampshire-based asset manager Hasley Investment Management.

Fidelity is to rename Aruna Karunathilake's £167m UK Aggressive fund to better reflect its investment style.

The Financial Services Authority (FSA) has warned of a second man contacting firms pretending to be from the regulator.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep rates on hold and maintain QE at £375bn in August but expressed fears over sterling's continued appreciation.

The UK's unemployment rate fell in the second quarter of the year, from 8.2% to 8%, although the number of young jobseekers climbed over the period.

Resolution has confirmed it will make no more acquisitions and abandoned plans to split Friends Life after revealing a 58% fall in profits.

ON UK INCOME

It has been a bad week for Standard Chartered, and the explosive charges the bank faces dominated the headlines this week.

The Financial Services Authority (FSA) will today suggest scrapping LIBOR and replacing it with a borrowing rate based on actual trades, it has been reported.