Markets

Markets in the US and Asia fell yesterday after a tough day for European shares which left many indices sharply lower.

UBS shareholders including F&C are set to rebel against the Swiss bank's proposed pay packages for its top executives, echoing the moves taken by Barclays shareholders last week.

London's blue chip index was in negative territory this afternoon, snapping a four-day winning streak as eurozone concerns once again came under the spotlight.

Shares in Aberdeen Asset Management led the FTSE 100 leaders board this morning after the group saw profits climb 14%.

Developed market shares were fleeting between positive and negative territory this afternoon as US jobs data disappointed and investor confidence in the eurozone weakened.

A rally in tech shares led to Asian markets climbing overnight, after Apple's revealed it doubled last quarter's earnings.

India's main index suffered a sell-off this morning after an earthquake registering 8.7 on the Richter scale struck off the coast of nearby Indonesia.

Global markets continued their downward trend this morning as fears re-emerged about the state of European and the US economies.

Ron Sandler is to step down as chairman of Phoenix Group, the parent company of Ignis Asset Management.

European markets have added to early losses as concerns over Chinese growth hit miners and a military coup in Mali sent Rangold Resources shares plummeting.