UK

Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.

UK equities could return 11% per annum for the next 10 years, fund group Neptune has said, as value stocks come to the fore.

Invesco Perpetual's Neil Woodford has revealed he sold out of his Tesco holding after the firm's profit warning last month, just as veteran investor Warren Buffett was snapping up the stock.

The Royal Bank of Scotland, the UK's largest government-owned lender, has dismissed at least four employees in connection with a probe of potential interest-rate manipulation, sources told Bloomberg News.

Barclays made a pre-tax profit of £5.879bn in the year to 31 December 2011, 3% down from the previous year and a slightly larger fall than analysts had forecast.

Shares in travel group Thomas Cook were up nearly 8% this afternoon after it reported market share remained stable and revenues were up in the fourth quarter.

Troy Asset Management's Francis Brooke has cautioned against overconfidence on BP's anticipated announcement of a dividend increase when it reports its Q4 results tomorrow morning.

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The FSA has begun a formal enforcement investigation into the rogue trade losses revealed by UBS last September.