UK

If it feels like we have been in this kind of market environment before, that is because we have been

Jim O'Neill, the chairman of Goldman Sachs Asset Management (GSAM), would ditch inflation targeting if he replaced Mervyn King as the Bank of England governor as the measure has been "insufficient" over the past decade.

Rating agency Moody's is preparing to downgrade several UK banks this evening, including RBS, Barclays and HSBC, according to reports.

The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch cru investors.

Scottish Widows Investment Partnership's head of wholesale distribution Kevin Addison has left the firm.

JO Hambro Capital Management is to launch a Global Opportunities fund as its UK Opportunities fund, run by the same managers, fast approaches its £1bn capacity limit.

The drop in inflation announced yesterday has paved the way for another round of quantitative easing by the Bank of England as early as next month, reports suggest.

Business secretary Vince Cable (pictured) is set to announce plans today which will force companies to take binding votes on executive pay every three years.

Liontrust Asset Management has posted a loss after tax over the year to March following a series of acquisitions for the firm over the last 12 months.

Executive remuneration in the UK financial sector is "wildly out of line" with other parts of the market, according to outgoing IMA chief executive Richard Saunders.