Economics / Markets

Facebook founder Mark Zuckerberg has said he will not sell any of his shares in the company for at least a year in a move to boost investor confidence, after shares in the social networking giant sank to a new low.

UK shares were once again lower this morning, extending yesterday's sharp losses as falls in Asia overnight impacted confidence.

Financial Services Authority (FSA) chairman Lord Turner has promised an independent inquiry into an IT glitch that affected millions of Royal Bank of Scotland (RBS), NatWest and Ulster Bank customers in June.

The Prime Minister is set to continue his Cabinet re-shuffle on Tuesday after appointing Andrew Mitchell, former International Development Secretary, as his new chief whip.

David Hickey's departure from Lighthouse Group has resulted in a significant investor withdrawing a demand for its board to be restructured.

The Financial Services Authority (FSA) insists that it has reauthorised the vast majority of ex-Honister advisers who applied within its voluntary time frame, despite concerns among some advisers that the process has been slower than promised.

FIVE THINGS

The European Central Bank(ECB) should launch an "unlimited" bond buying programme to help stem the eurozone debt crisis, according to the secretary-general of the OECD.

The head of the new City watchdog John Griffiths-Jones has pledged to enforce change through the Financial Conduct Authority (FCA).

Royal Bank of Scotland (RBS) investors have been in talks with litigation funds discussing the potential launch of a £3.3bn lawsuit against the bank and its former chief executive, Fred Goodwin, according to reports.