Facebook's share price fell as much as 5% in after-hours trading as the company announced a deal to buy chat application WhatsApp for some $19bn.
Three Co-operative fund managers have left Royal London Asset Management following the integration of the two businesses.
IFA and discretionary wealth manager AFH Financial Group plans to list on the AIM market of the London Stock Exchange as it eyes future expansion.
Average annual investment returns over the last decade were similar to those of the last century, despite several global wars and a financial collapse, according to analysis from Brewin Dolphin.
Sterling fell slightly against most major currencies this morning after the Office of National Statistics reported higher-than-expected unemployment figures.
Angela Merkel's government is the latest to back the US Federal Reserve's withdrawal of monetary stimulus despite continuing emerging market turmoil, reports have suggested.
The Bank of England will not hike interest rates until well in to 2015 at the earliest, according to Hawksmoor Investment Management's head of research, Jim Wood-Smith.
The Scottish government will be able to issue its own bonds from 2015 in a 'historic' devolution of borrowing powers, the Treasury has announced.
The Investment Management Association has said it is open to the prospect of 'radical change' as it sets out recommendations for the use of dealing commission to purchase investment research.
Chris Urwin, global research manager for real estate at Aviva Investors, has listed five reasons he expects UK real estate to outperform over the next two years.