Secret stakebuilders in London-listed companies could keep their activities hidden for longer under proposals tabled by the chief City regulator yesterday.
The Financial Services Authority said it was considering whether to scrap the present rule that forces stakebuilders to disclose holdings as soon as they go above 3 per cent of the target company.

Stock Exchange officials will meet the Revenue today in a continuing campaign to head off the imposition of stamp duty on a major hedge fund activity.

Online financial derivatives business Global Trader is planning a big move into new markets as it capitalises on its emerging market focus in its spread trading and contract for difference (CFD) business.