News

The FTSE 100 has opened 0.06% or 3.24 points lower to 5,774 in early trading as rises in retail stocks were offset by falling mining shares.

Prudential is closing its money market Maximum Income Trust next month after large investors planned to redeem their holdings.

The Arsenal boardroom power struggle could heat up after the club's fourth-largest shareholder appointed a firm to find a buyer for her shares.

Euphoria over a joint EU-IMF rescue deal for Greece worth €45bn (£39.8bn) appears short-lived, after angry reactions in Germany and continued concerns among bond investors any bail-out merely delays the worst.

Zurich's Swiss & Global Asset Management is to apply for reporting status for the sterling share classes of eight Luxembourg-domiciled equity funds it runs.

The eurozone's support for Greece will tide it through the next round of debt refinancing, but Athens will struggle to pay the 5% rate, says Newton's Paul Brain.

Morningstar has bought fund ratings agency Old Broad Street Research for £11.95m.

Skandia has launched its European Best Ideas fund into the UK market.

Henderson Group has confirmed it is in talks to acquire certain businesses of US group RidgeWorth Capital Management.

The FTSE has continued Friday's sharp rise in early trading - up 20.99 points (0.36%) at 5,791.97 - buoyed by the eurozone's agreement to offer a £30bn loan package to Greece.