The FTSE 100 has soared 1.98% this morning as HSBC more than doubled pre-tax profit to £7bn.

Incapital Europe has unveiled its new Digital Growth plan, the third since its acquisition of Blue Sky Asset Management in July.

Investec Structured Products is offering a new range of plans aimed specifically at wealth managers.

The Witan investment trust has handed a £120m pan-European mandate to Marathon Asset Management.

Gilliat Financial Solutions has introduced a new kick-out product in its latest suite of plans.

The IMA has expressed concern structured products will face less scrutiny under the new regulatory system set up to replace the FSA.

The FTSE 100 opened higher, up 0.46% or 24.52 points to 5,337.14, on encouraging news from the oil sector.

The IMA has approved 49 offshore funds for entry into its sectors in the second wave of additions.

Moody's has downgraded Ireland's sovereign government bond rating to Aa2 from Aa1 with a stable outlook.

The FTSE 100 opened down 0.37% or 19.09 points to 5,139.76 as Friday's sell-off on Wall Street dragged the index lower.