UK

Schroders saw net inflows of £2.7bn in the volatile first half of the year as it revealed it is on the hunt for new talent.

F&C's outgoing head of funds and investment trusts Charlie Porter has praised former activist investor and now group chairman Edward Bramson's strategic plan for the asset manager.

London's leading index was 60 points higher in afternoon trading despite a slump in UK manufacturing data, as Next and Standard Chartered lifted the market.

A top Bank of England economist has said his profession should take part of the blame for the financial crisis, according to the Telegraph.

F&C has confirmed its head of funds and investment trusts Charlie Porter is set to leave the group, with Thames River's Mike Warren becoming head of F&C's retail business.

Liontrust's macro fund managers Stephen Bailey and Jan Luthman have sold out of Nestlé just six weeks after making their initial purchase.

Developed nations are stuck in a "never-ending cycle of recession" which will lead to a huge growth crisis in the summer of next year, Ignis' chief economist Stuart Thomson has warned.

Fewer financial institutions will be able to dodge the incoming FATCA rules, according to the latest agreement on the US tax regime.

Business Secretary Vince Cable has thrown open a potential challenge to George Osborne's role as Chancellor of the Exchequer after claiming he would "make a good chancellor".

Apple shares led the fallers on the Nasdaq shortly after open following a disappointing second quarter trading update from the tech giant.