Anthony Bolton, Britain's most high-profile investment manager, believes the UK stock market has now hit rock-bottom, and has begun betting on a recovery with his own money, reports The Independent.

A near 20% jump in the share price of Halifax Bank of Scotland (HBOS) helped steer the FTSE clear of the 5,000 mark on Thursday.

House prices have continued to fall across the UK for the 11th consecutive month, according to figures from Nationwide.

Japanese bank Mitsubishi UFJ is set to snap up a 9.9% stake in Aberdeen Asset Management.

The FSA has fined investment adviser TBO Investments Limited (TBO) £28,000 for failing to clearly document the explanation of transactions risks to clients.

The FSA has fined IFA firm TBO Investments £28,000 for failing to clearly document the explanation of transaction risks to its clients.

The US Senate has voted to back a $700bn financial bail-out plan by a large majority.

Global equity markets will perform strongly in 2009, according to fund manager Prahmit Ghose, who sees excellent buying opportunities amongst big players with strong balance sheets.

Skandia has issued a range of tax guides explaining the changes brought into effect by the Finance Act 2008, which was implemented in July.

I'm sure I'm not alone in thinking what a crazy few weeks it's been! Some commentators have argued the recent rollercoaster ride in financial markets has been a long time coming, whilst others are busy speculating the end is in sight.