United Kingdom signals intention to phase out purchases of Russian oil by end of year

Cop26 and growing fears of a climate disaster have helped to refocus the minds of investors

Revenues at asset manager’s Dublin business drop 35% as London branch spun off

Ireland is home to 5 per cent of worldwide investment funds assets, making it the third largest global centre and the second largest in Europe

While other industry sectors fret about the impact of Brexit, for the funds industry there is opportunity

Current White House staff’s net worth is thought to be the richest in US history

Deutsche shares pull down banking stocks as German heavyweight unveils €8bn cash-call

Tullow Oil loses 9.9% in Dublin after further falls in oil price, but Ryanair gains 2.2%

Poor performance for Portuguese stocks amid fears of political instability

Asia-focused bank also closing the bulk of its global equities business

Value of firm’s assets climbs 23% in first half