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Boutique fund managers suffered a marked slowdown in growth ahead of the Retail Distribution Review (RDR) as investors flocked to trusted brand names, according to new research from the IMA.

Fixed income managers have cautioned the Bank of England (BoE) will be forced to backtrack on its forward guidance measures as it has been too pessimistic over the state of the UK economy.

Business Secretary Vince Cable has warned the government's 81% stake in Royal Bank of Scotland (RBS) may not be sold off for another five years, arguing a quick sale of shares is unlikely.

London's leading share index fell quickly into the red after new Bank of England (BoE) governor Mark Carney unveiled plans to issue market's forward guidance on interest rates.

Old Mutual Wealth has report a pre-tax profit increase of 14% for the first half of the year to £108m, driven by a surge in gross inflows over the period.

M&G Investments has regained its number one position on the Pridham fund sales list, knocking BlackRock off the top spot.

Warren Buffett's company Berkshire Hathaway has reported a rise in profits of 46% in the second quarter following big gains from the firm's investment portfolios.

Investment bank Goldman Sachs has made a bullish prediction London's leading share index will break through its all-time high over the next 12 months.

The Bank of England (BoE) has held interest rates for the 53rd consecutive month and opted not to increase the size of its £375bn QE programme at its July meeting.