Industry

Last month's Rio Earth Summit, written off as a disappointment by most, still produced encouraging signs for socially responsible investors, according to Jupiter's Charlie Thomas.

Ahead of Facebook's $16bn IPO, Morgan Stanley, the lead underwriter on the deal, reduced its revenue forecasts for the social network, Reuters reports.

The investment management sector's low reported levels of compliance spending are "hard to believe", according to a quarterly survey from the CBI and PwC.

Lawyers for professional services group RSM Tenon have raised "serious concerns" about the quality of PwC's audit and advised Tenon may have a legal claim, according to reports.

Resolution is preparing a "self-managed" exit from Friends Life in 2014 that would see the company split between a fit-for-purpose life company and a closed life fund consolidator.

Internet giant Google has revealed profits surged 26% in the third quarter, with net income jumping from $2.17bn to $2.73bn year on year.

Dexia, the Franco-Belgian bank, has agreed to nationalise its Belgian banking division and secure state guarantees as part of a multi-billion euro rescue plan.

The FSA's Guidance Note on establishing a customer's risk tolerance and the suitability of recommendations identified a number of serious shortcomings in the processes of many advisers.

Shadow business secretary John Denham will today announce an investigation into companies that knowingly 'rip off' consumers, with a focus on financial services.

The Chancellor appears before the Treasury Select Committee (TSC) this afternoon to answer concerns about the accountability of the Bank of England