Former academic who has built Barclays Capital from scratch into a multibillion-pound operation, will take over from John Varley at Barclays' annual meeting next March

Several big-name managers struggled to gain traction, with many more under pressure to ramp up the level of risk in their portfolios to boost year-end numbers

The board of Gartmore Growth Opportunities served Gartmore notice of termination for the management of the fund after Gervais Williams announced his resignation

Upmarket retailers are linked to more than £250m of the acquisition of properties around the prime West End spot as demand for luxury goods grows

Banks that were squeezed out of wholesale finance markets have returned in force with bond issues and raised more than $4bn in the first five days of September alone