News

New Hargreaves Lansdown chief executive Ian Gorham has been granted 1.3 million shares worth more than £5.7m under the wealth manager's executive share option scheme.

As a confident and bold young investor in the Square Mile, Richard Buxton once wagered all of his life savings on the UK cutting interest rates.

City bankers are set to face much tougher rules on how much they can be paid from 2011, under rules being discussed by Europe's top regulator, the Telegraph reports.

Dominique Strauss-Kahn, the head of the International Monetary Fund, has warned global currency disputes are a "real threat" to the economic recovery.

On what looks likely to be a quiet day for UK corporate news, traders are focused on the US where September's non-farm payrolls numbers are due to be released this afternoon.

The FTSE slid into negative territory in afternoon trading following news of a record month-on-month drop in house prices.

Shares in UK-listed Man Group have jumped 4% on speculation a mystery bidder - reportedly the Bank of New York Mellon - is preparing a bid for the group.

Stephen Lansdown, co-founder of wealth manager Hargreaves Lansdown, today sold a near 3% stake in the business, raising some £58m.

The Japanese yen hit a new 15-year high against the US dollar today as prime minister Naoto Kan hinted at further currency intervention.

The manager of an AIM-listed China trust - which is held by Fidelity's Anthony Bolton, Baillie Gifford and Henderson - is under investigation by the US regulator.