Barclays

Barclays saw its pre-tax profits fall by a third during the first half of the year, with PPI claims and reduced bond trading activity hitting earnings.

Shares in Barclays and its peers moved higher in early trading despite the bank's move to settle PPI claims.

A group of 55 economists believes the Monetary Policy Committee will maintain interest rates at 0.5% this week, as manufacturing and services surveys show the UK economy is slowing.

Shares in Barclays were off around 1% in early trading after it abandoned its legal challenge against PPI mis-selling and set aside £1bn to cover customer redress and administration costs.

Jupiter income manager Tony Nutt has made the Sunday Times Rich List for the first time with a fortune of £76m.

Lehman Brothers Holdings is claiming $500m from Barclays for allegedly failing to pay all the bonuses it agreed to when it bought the defunct investment firm's North American business.

Barclays has revealed pre-tax profits fell to £1.66bn in the first quarter of 2011, 9% lower than the £1.82bn it made in Q1 2010.

Bank shares led the FTSE 100 higher in early trading as investors breathed a sigh of relief that the Independent Commission on Banking had opted to ring-fence banks rather than break them up.

Walker Crips managers Steve Bailey and Jan Luthman have re-introduced Barclays to their portfolios for the first time in nearly four years.

Investors in the top 10 hedge funds reaped returns of $28bn (£17.2bn) in the second half of last year alone, according to new data.