News

The FTSE 100 raced to its highest level in seven months this morning, having made solid gains last week, as mounting optimism over a successful Greek deal lifted sentiment.

Invesco Perpetual is bringing a range of multi-asset, risk-rated funds to the UK run by its Atlanta-based global asset allocation team headed by CIO Scott Wolle.

European markets are expected to open in the black in early trading, boosted by growing expectations Greece is on the verge of securing a bailout deal.

Eric Daniels, Lloyds' former chief executive, will lose £580,000 or 40% of the 2010 bonus he was due to be awarded in deferred shares.

The Financial Services Authority (FSA) has referred Catalyst Investment Group, the UK marketing and distribution agent for ARM Asset Backed Securities, to its enforcement and financial crime division, according to reports.

Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.

EVENTS

Trillions of dollars in fake US bonds have been seized from a warehouse in Zurich alleviating a "severe threat" to global financial security, according to media reports.

Shares in the US raced near to highs last seen in 2011, while UK indices reached new highs for 2012, as investors welcomed further talks between Germany and Greece.

The German finance minister, Wolfgang Schäuble, is pushing to let Athens default, creating a split in the German government, according to reports.