Japanese shares have regained some of their ground after falling more than 7% yesterday in a dramatic trading session.

BlackRock has agreed to acquire private equity real estate adviser firm MGPA for an undisclosed sum.

Cazenove Capital's director of investment funds Robin Minter-Kemp is expected to exit Schroders after the two groups combine later this year, Investment Week understands.

Fidelity Worldwide Investment has cut a number of jobs across its IFA sales team, IFAonline's sister title Investment Week can reveal.

Hargreaves Lansdown shares closed above the £10 mark for the first time ever yesterday as investors continue to back the platform to excel in a post-RDR environment.

Rathbones has seen its funds under management swell to more than £20bn, helped by its recent acquisition in the private client space.

Darwin Investment Managers has launched a model portfolio service comprising three funds managed by multi-asset veteran David Jane.

HSBC has reported profits doubled in the first quarter of the year compared to the same period in 2012 as the lender nears the end of a three-year restructuring programme.

Japan's main equity market surged to a five-year high on the first day of trading after the country's Golden Week public holiday.

An overhaul of Alliance Trust's top ten holdings has seen it swap Lloyds for Barclays and step up its gearing in Q1.