Honister Capital and its IFA networks Sage Financial, Honister Partners and Burns Anderson have defaulted, the Financial Services Compensation Scheme (FSCS) announced today.

Berkshire Hathaway (BRK), the insurer headed by billionaire Warren Buffett, has been downgraded by Standard & Poor's from AA+ to AA.

Former BlackRock fund manager Mark Lyttleton was arrested last month on suspicion of insider trading, according to reports.

Mervyn King, the outgoing governor of the Bank of England, has been tipped to give the Chancellor a helpful boost this week by upgrading growth prospects for the embattled UK economy.

Skandia has led tributes to British Olympic sailor Andrew 'Bart' Simpson, who passed away yesterday after a Swedish catamaran capsized during a training session.

Investment Week's Joanna Faith and Kyle Caldwell have won prestigious industry accolades at the 2013 Headlinemoney Awards.

George Soros has reportedly made £40m in a day through a short position on the Australian dollar.

Former England batsman Paul Collingwood is suing Sigma Wealth Management, accusing the company of losing over £300,000 through risky investments.

Jupiter is to promote Chris Watt to take over Philip Matthews' £368m Jupiter Growth & Income fund on 1 May as the latter leaves for Schroders.

The Financial Conduct Authority (FCA) has intervened in a test case in which the Royal Bank of Scotland (RBS) is accused of mis-selling interest rate swaps.