There were gains on both sides of the Atlantic today as positive sentiment helped stocks shake off eurozone concerns.

The US administration is set to order bailed-out firms to slash their payouts to top executives.

Chrysler president and vice chairman, Tom LaSorda, is leaving the carmaker immediately, it has been announced.

The US Treasury Department said tonight it will provide a $1.5bn loan to Chrysler LLC’s financing arm to be used for new vehicle loans in hopes of boosting sales and ultimately returning the car maker to profitability.