Liontrust has chalked up its eighth successive quarter of net inflows for the three months to 30 June 2012 as it builds on its acquisition of Walker Crips.

The International Monetary Fund (IMF) has cut its forecasts for UK GDP growth for both this year and next as it warns of a "ratcheting up" of financial market and sovereign stress in the eurozone periphery.

JP Morgan Chase is to restate its Q1 results downwards by a net $459m after it revealed the losses it has sustained from its ‘London Whale' positions have widened to $4.4bn.

John Hamilton is to step down from his role as head of fixed interest at Jupiter after almost 25 years at the group.

M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.

Neptune has launched a Defensive Managed fund as it becomes the latest fund group to unveil a lower risk offering.

Ratings agency Moody's has changed the outlook on Barclays' financial strength rating from stable to negative, saying the uncertainty over the bank's future direction is negative for bondholders.

The International Monetary Fund has trimmed its US GDP forecasts and warned the nation's economic recovery remains fragile.

The FTSE 100 has risen in early trading as investors build on recent gains, but Barclays' share price remains volatile as investors react to CEO Bob Diamond's resignation.

Analysts have suggested the fallout from the LIBOR price-fixing scandal may ultimately lead to significant asset disposals or even a break-up of the bank.