The flamboyant backer of the company which has acquired the advisory businesses of The Money Portal (TMP) says its debt pile was too high to continue operating in today's market.

Derek Stuart is realigning his portfolio defensively, predicting a flattening out of the surge in stock prices which has driven equity markets in recent months.

Liontrust is bringing to market its first global offering with the launch of a new equity fund at the end of this year.

The FTSE 100 has added 14.35 points (0.34%) to 4248.40 this morning despite news the outlook for jobs in the UK is worse than the 1990s recession.

Aberdeen looks set to sell the Credit Suisse income fund range to LV= Asset Management, with Graham Ashby and the team to join the group.

The fortunes of the UK's top 1000 IFA firms are polarising with 621 awarded a 'strong financial rating' whilst 64 are in a weakened financial state and 130 fighting for survival.

Arbuthnot Banking Group is launching a structured product distribution business to be headed up by a former Keydata consultant.

Offshore law firm Ogier has made 17 staff redundant following an efficiency drive aimed to reposition the business for the coming 12 to 18 months.

The last week has seen a flurry of activity around the world on the regulatory front but I have a suspicion the only people who will be really satisfied are the very people at whom the reforms are aimed - the institutions that caused the financial storms...

FTSE has partnered Record, a specialist currency investment manger, to release a range of currenc...