Aviva Investors has proposed the closure of its Global Listed Real Estate Securities business, including the Global REIT fund run by Paul Van De Vaart, as it has "insufficient scale".

The UK's main inflation rate fell back towards the 2% target in August after reversing a surprise jump the previous month.

The Treasury was too slow in nationalising Northern Rock during the height of the financial crisis, one of its top civil servants has said.

Apple, the world's largest company, saw its shares break through $700 for the first time ever overnight after it revealed it had received a huge number of pre-orders for the new iPhone.

POST-LEHMANS

A Greek exit from the single currency would be a "catastrophe", the country's prime minister reiterated over the weekend.

Skandia Investment Solutions, one of the UK's largest platforms, made a loss of £11m in 2011 as the cost of preparing for the Retail Distribution Review (RDR) impacted the business.

Fidelity has expanded Trevor Greetham's multi-asset range of funds, after launching a higher-risk adventurous fund.

The euro hit a four-month high today against the US dollar after German lawmakers said the country can now approve Europe's rescue fund.

GREECE