Markets across Europe recovered from early losses on Thursday despite a new warning from the EU Commission that the eurozone may fall into recession next year.

Prudential has launched four risk managed portfolios for investors in its £66bn with-profits fund as it moves to attract advisers and clients post-RDR.

Patrick Evershed has claimed his former boss John Duffield bullied and humiliated New Star staff including withdrawing an offer of sweets from managers having a bad period of performance, according to his witness statement lodged with an employment tribunal...

The FTSE 100 dropped sharply mid-morning as investors fretted over the future of Italy following a spike in the country's bond yields to record levels.

John Duffield, the founder of New Star, will not be appearing in court during the case brought against his former company by Patrick Evershed.

M&G stars including Richard Woolnough and Jim Leaviss helped the group rake in over £1bn of new money in the third quarter, keeping it in top spot in the retail sales charts.

Lloyds Banking Group has reported a statutory loss of £3.9bn in the first nine months of 2011 after being hit with a £3.2bn provision for PPI claims.

Ex-New Star fund manager Patrick Evershed has started his case for constructuve dismissal against his former employer.

Hollywood legend Robert De Niro is to play disgraced financier Bernie Madoff in an HBO movie he will produce, according to reports.

Providers of Solar VCT investments have moved to close their latest schemes after the government proposed bringing forward the deadline for slashing subsidies.