Peter Hargreaves, one of the two founders of Bristol-based investment provider Hargreaves Lansdown, is to sell £500m of his shares.

Lighthouse has acquired a 5.3% stake in Tavistock Investments as part of a “strategic agreement” between the two firms.

Fraud Squad detectives and other agencies have launched an appeal to find a convicted boiler room fraudster who skipped court and is still at large.

Aviva is to use surplus cash to fund a £600m share buy-back of its ordinary shares.