The International Monetary Fund (IMF) has warned long-term fiscal reforms will be required among advanced economies as it projected the UK's gross debt to GDP would rise to 90.6% in 2015.

Leading fund managers have staked their reputations, and their clients' money, on a sustained UK economic recovery by adding to equities and cutting their bond holdings in the past month.

The index of 100 leading shares opened down this morning as investor confidence was hit by stock sell-offs in the US and Asia.

Royal London group chief executive Mike Yardley is planning to step down to focus on helping the industry tackle future challenges.

The FSA is set to turn the regulatory spotlight on the valuation of traded positions and is calling for a specific assessment of valuation uncertainty.

The FSA has fined the London branch of Société Générale £1.57m for failures in transaction reporting.

The Tories faced renewed questions over their links to rich tycoons last night after accepting a £500,000 donation from a City boss who revels in his comparison to a notorious Hollywood villain.

Britain's leading share index has fallen back into the red after enjoying modest gains in early Thursday trading.

Andrew Sentance voted against the rest of the Monetary Policy Committee (MPC) for a rise in interest rates for the third consecutive month, minutes from the August meeting show.

Barclays Bank violated US sanctions in dealings with Cuba, Iran, Libya, Sudan and Burma, court papers have revealed.