Close Brothers AM is launching a discretionary fund management service that will be managed by top-performing UK equity manager Deryck Noble-Nesbitt.

Facebook's long-anticipated initial public offering will see it look to raise $5bn in a listing expected to value the company at up to $100bn.

Former RBS chief executive Sir Fred Goodwin has had his knighthood cancelled and annulled by the Queen.

The Financial Services Authority (FSA) has fined David Einhorn and his well known hedge fund Greenlight Capital £7.2m for trading on inside information in UK stock Punch Taverns in June 2009.

UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.

Fidelity and Legal & General IM (LGIM) have pledged their support to Vince Cable's proposals to clamp down on boardroom pay and push for greater transparency.

Skandia Investment Group has awarded mandates on its UK Best Ideas and Global Best Ideas funds to Artemis' Global Growth manager Tim Steer.

Tesco CEO Phil Clarke should decline his bonus to atone for approving a senior executive's share sale a week prior to its major profit warning, according to a leading investor in the company.

UK CPI inflation fell from 4.8% in November 2011 to 4.2% last month, the equal largest drop since December 2008, according to the Office for National Statistics.

Standard & Poor's has downgraded the credit ratings of a raft of eurozone nations including Italy, Spain and Portugal as well as stripping France and Austria of their AAA status.