UK

Senior FSA executive Andrew Bailey has accused Barclays of operating with a "culture of gaming" which came from top of the bank.

The former chief operating officer of Barclays, Jerry del Missier, has told MPs Bob Diamond instructed him to lower the bank's LIBOR submissions, on the orders of the Bank of England's deputy governor Paul Tucker.

Head of the Financial Services Authority (FSA) Lord Turner is set to face criticism from MPs today over the watchdog's slow reaction to LIBOR abuses, according to reports.

ON UK GROWTH

Former Ardevora partner Rob Page is to join Hermes Fund Managers as head of marketing and communications, as the institutional house pushes into the UK wholesale market for the first time.

Managers including Newton's Tineke Frikkee were among those hit as Britvic's shares fell as much as 17% yesterday, as the company revealed the recall on its popular Fruit Shoot drinks will cost up to £25m.

Schroders' head of UK equities Richard Buxton bought more Barclays shares the day chief executive Bob Diamond quit, he has revealed.

PROFIT WARNINGS

Rob Page, partner at Jeremy Lang and William Pattisson's Ardevora boutique, is leaving the firm.

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