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The Office of Fair Trading (OFT) has announced a probe into parts of the investment banking industry.

Investec's Alastair Mundy topped up his high-conviction position in BP last week, saying the oil giant remains a "very interesting investment opportunity".

Fidelity and LGIM, both large shareholders in Prudential, are among a number of asset managers set for showdown talks with the insurer's directors next week.

Ignis' Chris Bowie removed the group's entire credit exposure to BP last week, claiming there is not enough clarity on the oil giant's current turmoil.

Fee-based adviser and asset management firm Brooks Macdonald has agreed a £4m deal to acquire structured product and property group Braemar.

Just weeks away from Chancellor George Osborne's first UK Budget, M&G's Jim Leaviss has controversially praised the efforts of predecessor Alistair Darling.

Liontrust has appointed former Artemis stalwart Nick Wells as a business development consultant.

Lloyds shareholders have made a £14bn claim against the Treasury and bosses at the banking giant over its controversial takeover of HBOS in 2008.

Global markets are in freefall today following Wall Street's slide on Friday and on fears over a Greek-style crisis in Hungary.