Industry

Friends Provident has once again entered discussions with Resolution Limited after receiving a "sufficiently improved" bid from the Clive Cowdery-led acquisition vehicle.

Aviva has made a profit of over £700m in the first half of the year but has slashed its dividend to just 9p.

Standard Life's underlying profits before tax fell 86% over the past year, though its dividend has been increased.

Two of Britain's biggest insurers are poised to slash dividends this week, potentially derailing the stockmarket's blockbuster summer rally, The Times reports.

Hermitage Capital, a London fund manager, has started legal proceedings in the US that will seek to connect Renaissance Group, a leading Moscow investment bank, to alleged fraud and money laundering involving the theft of hundreds of millions of dollars...

Friends Provident has ended discussions with Resolution after rejecting yet another takeover proposal by the Clive Cowdery-led group.

Moody's Corp shares tumbled after Warren Buffett's Berkshire Hathaway Inc lowered its stake, a sign of waning support for the embattled credit rating company by its largest and most prominent investor, according to Reuters.

The Bank of England's Monetary Policy Committee (MPC) noted improving market conditions before unanimously voting to hold interest rates at 0.5%, the minutes of the July meeting have revealed.

Jupiter's Nick Hinds is leaving the business to pursue other opportunities as from close of business today (Tuesday 7 July).

Greater regulatory control will be exerted over the activities of credit ratings agencies and hedge f...