GOSLING'S GROUSE

Credit rating agency Standard & Poor's (S&P) has warned of the continuing negative outlook for the UK economy, but reaffirmed its triple A rating for the country.

GOSLING'S GROUSE

Legal & General (L&G) has agreed to acquire the 75% share capital of Cofunds which it does not already own, for a cash consideration of £131m.

Brewin Dolphin has appointed Simon Miller to the role of non-executive chairman and David Nicol as chief executive in a board reshuffle.

The annual management charge on Anthony Bolton's Fidelity China Special Situations investment trust will be cut from 1.5% to 1.2% from 1 April 2013.

Richard Buxton, the head of UK equities at Schroders, has resigned after more than 11 years at the fund manager to take up a position at Old Mutual.

The Euro Group's new president has warned the UK could be facing a "new sterling crisis" as concerns grow over the state of public finances.

Warren Buffett has described last year's performance for his Berkshire Hathaway group as "subpar", despite a 45% rise in profits over the period.

Shares in banking giant HSBC fell 2% in early trading today as it reported profit before tax was $20.6bn(£14bn) in 2012, down 6% on 2011.