UK

Chancellor George Osborne has said there are no barriers to the UK launching more quantitative easing amid growing fears over the health of the UK economy, the Financial Times reports.

The final report from the Independent Commission on Banking has recommended UK banks' retail and wholesale arms be split off, and said the 7% capital buffers required under Basel III do not go far enough.

Marlborough's Giles Hargreave has been building up his cash positions as he expects one more major market sell-off, which will send the FTSE 100 down 10% to 4,700.

Fidelity is to launch an onshore version of Amit Lodha's $250m Global Real Asset Securities fund in response to investor demand for tangible assets.

THE AGE OF EQUITIES IS OVER

Fidelity's Ian Spreadbury and Jupiter's John Chatfeild-Roberts were named joint winners of Outstanding Fund Manager award at this year's OBSR Awards, held last night in London.

George Osborne has admitted he has had to revise down already weak growth forecasts for the UK, prompting fresh double-dip fears, but insists he is sticking to his austerity plans.

Schroders has expanded Johanna Kyrklund's multi-asset team with the appointment of Matthias Scheiber as fund manager.

Average bonuses for directors of FTSE 350 companies soared by 187% since 2002, despite companies' share prices failing to follow suit, a new report has revealed.

The Independent Commission on Banking (ICB)'s plans to ring-fence will have a very limited impact on the UK's economic output, according to Ernst & Young.