The pound has moved towards a year low yesterday against the dollar, its recent weakness having been exacerbated by the revelation Bank of England (BoE) governor Sir Mervyn King voted for further stimulus this month.

The price of gold has fallen through $1,600 for the first time in six months as investors continue to pile into risk assets such as equities.

The UK's blue chip index has climbed to a five-year high above 6,400, surpassing the peak of 6,376 seen before the financial crisis.

Fidelity Worldwide Investment has raised the annual management charge (AMC) on two of its multi-asset funds as part of the rebrand and restructure of its multi-manager range.

Fidelity Worldwide Investment has expanded its multi-asset range with the launch of a trio of new strategies for its multi-manager team.

The Investment Management Association (IMA) has called on the Financial Services Authority (FSA) to increase the amount insurers and banks contribute to the Financial Services Compensation Scheme (FSCS) after warning fund managers faced cross-subsidies...

TEN TO DROP

Aberdeen Asset Management's chief executive Martin Gilbert has sold 1 million shares in the asset manager, worth over £4m.

Barclays has questioned the impact of Henderson's 'costly' advertising campaign, which featured former Chelsea manager José Mourinho.

An activist shareholder is demanding US technology giant Apple pay out more of its $137bn (£87bn) cash pile to investors.