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Thames River Capital and one of its founders, Charlie Porter, have each pledged £50,000 over three years to support a charity that is cleaning up the River Thames.

Ron Sandler, boss of newly nationalised Northern Rock, will this week reveal plans to cut between 2,000 and 2,500 jobs as the stricken lender is shrunk in an attempt to repay its £25bn taxpayer loan within three years, reports The Telegraph .

THE ifs School of Finance has suggested a large increase in the number of people taking their Certificate for Financial Advisers (CeFA) is evidence that people are increasingly seeing careers in financial advice as an attractive proposition.

Axa & Winterthur Wealth Management has set up a new international offshore business proposition through Axa Isle of Man with plans to extend the group's offshore business into Europe and beyond.

WESLEYAN Assurance Society is to increase its sales force by 50pc over the next two years.

Living Time has appointed three directors from Prudential to spearhead its expansion into the annuity and income drawdown markets.

The dollar has plummeted against all major currencies on dire US retail sales and fears that the Federal Reserve may need to slash interest rates further to stop the downward spiral in the credit markets, The Telegraph reports.

Yesterday's Budget in the UK has provided some slight concessions for UK resident non-domiciles against the tax and residence measures announced in the pre-Budget report, though fears remain that the Government's position will damage Britain's competitiveness....

Eight in ten fund managers believe Alistair Darling should not remain as Chancellor, while 60pc believe he'll leave the post within a year, a survey by Cantos City Panel suggests.

The crisis at Société Générale deepened yesterday as police raided the French bank and arrested a second trader in connection with the €4.9bn (£3.75bn) losses run up by the rogue trader Jérôme Kerviel, The Times reports.