Spanish banking giant Santander is planning to list its UK operations on the London Stock Exchange as soon as this autumn in a deal worth an estimated £3bn.

Investec's Alastair Mundy has sold out of Lloyds in his £1.57bn Cautious Managed and £344m UK Special Situations funds on fears the group runs the risk of becoming a ‘zombie bank'.

Monetary Policy Committee inflation hawk Andrew Sentance has once again voted for a rise in UK interest rates.

BP has begun to offload assets aimed at raising cash to pay for the Gulf of Mexico disaster, agreeing the $7bn sale of fields in the US, Canada and Egypt to Apache.

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.

Business Secretary Vince Cable has warned of a second credit crunch if bank lending does not begin to flow across the economy.

Renowned stockpicker Anthony Bolton has wasted no time getting down to business in the Far East, fully investing his £471m China Special Situations trust.

The US Senate has approved the largest overhaul of financial regulation since the Great Depression, which is aimed at averting a repeat of the recent credit crisis.

Investment banking giant Goldman Sachs will pay a record $550m fine to settle the SEC's fraud probe into mortgage-backed securities.

Renowned investor Anthony Bolton has predicted a further phase to the bull market on expectations Western economies will avoid a double dip recession.