Brooks Macdonald has acquired discretionary fund manager Spearpoint, manager of the Arch Cru funds, in a deal that could reach £32m.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

Ashcourt Rowan chief executive Jonathan Polin has bought a further 31,645 shares in the company following the group's interim results yesterday.

Poor interim results from Vodafone have pushed the FTSE 100 down 0.9% to a two-month low in morning trading.

Brewin Dolphin has appointed chief operating officer Henry Algeo as group managing director, a role that will see him heading up the group's investment management offering.

J.P. Morgan Asset Management is to launch a fund of funds range and a set of discretionary portfolios as part of its adviser solutions offering launching next year.

The Bank of England (BoE) is to hand the Treasury the interest it receives on its QE asset purchases, a move that reduces pressure on Chancellor George Osborne ahead of the Autumn Statement.

The Financial Services Authority (FSA) has written to fund group chief executives outlining its concerns over conflicts of interest policies and is considering taking enforcement action after a review of industry practices.

Skerritts Wealth Management has agreed a deal to acquire the assets of the client bank of Sussex-based IFA firm Finch's Financial.

The Bank of England has kept interest rates on hold for the 44th consecutive month and refrained from launching a fresh round of quantitative easing (QE) after recent data showed the UK exited recession in the third quarter.