TOP TEN

Richard Wilmot has been named the new lead manager of the £2.2bn Newton Higher Income fund, previously managed by Tineke Frikkee.

Fund manager Gervais Williams has written to the IFA community following his comments made in a Sunday Times interview last month, in which he labelled financial advice 'expensive'.

Eurozone finance ministers have negotiated a rescue package for the rapidly deteriorating Greek economy following ten hours of intense talks in Brussels.

Henderson Global Investors is set to announce a fresh round of job cuts before the end of the year, Investment Week understands, as the FTSE 250-listed asset manager embarks on a further cost-cutting drive.

GILT SELL-OFF

Global markets rallied today after fiscal cliff talks between President Barack Obama and Congressional leaders stepped up a notch over the weekend.

Global credit ratings agency Moody's has warned the UK is at risk of losing its AAA status should the economy slide into a triple-dip recession.

Weaknesses in the Bank of England's forecasting process have been highlighted in a review by an ex-Federal Reserve official.

Barclays has revealed it is facing two new US regulatory investigations into its conduct, as part of its third quarter update that also revealed a pre-tax profit of £1.73bn.