Fidelity Worldwide Investment is set to launch a new equity index range in March, available to the adviser market exclusively through FundsNetwork with fees starting at 0.09%.

Shares in Twitter have fallen 20% in pre-market trading after it reported a net loss of $645m (£396m) for 2013, just three months after flotation.

The chairman of the Treasury Select Committee, Andrew Tyrie, has written to the Financial Conduct Authority head Martin Wheatley calling on the regulator to do more to crack down on banks' poor sales practices.

A tax avoidance scheme sold by serial avoidance promoter NT Advisors has lost its third bid for legitimacy, saving the country £100m, HM Revenue & Customs (HMRC) has said.

Barclays plans to cut hundreds of jobs in its investment banking division as part of a restructure, according to reports.

A private equity firm has bought a majority stake in national financial advisory business Succession.

The Financial Services Compensation Scheme (FSCS) has hit investment advisers with a £105m levy for 2014/15, an increase of 34% on the last levy.

Economist and founder of Capital Economics Roger Bootle has said quantitative easing (QE) is not the "inflation danger" people should be worried about - the focus should be on the intentions of the government.

Ex-Financial Services Authority (FSA) chief executive Sir Hector Sants is being courted by the Archbishop of Canterbury to lead a financial taskforce, just two months after leaving a key role at Barclays with "extreme stress and exhaustion".

Labour will refer high street banks to the competition authorities if it is elected in 2015, Ed Miliband, the Labour leader, is expected to say in a speech on Friday.