Treasury

Chancellor George Osborne is set to rule out a sale of Lloyds Banking Group shares to retail investors before next year's general election, according to reports.

Taxing times: Good and bad tax avoidance

The Chancellor is set to announce plans to clamp down on traders who manipulate markets, while establishing a review of how these markets operate.

Given the nature of the financial crisis and the depth of the accompanying recession, the recovery process was always going to be a hard grind.

Investors will find little value in Lloyds Banking Group shares due to "limited" growth prospects, a UK equities manager has said.

NEWS ANALYSIS

The Financial Conduct Authority (FCA) has been grilled by MPs over its decision to approve the appointment of Paul Flowers to chair the Co-operative bank back in 2010.

Asset managers and wealth management firms have expressed support for the government's plans to scrutinise partnerships and LLPs in a clampdown on tax avoidance.

Ratings agency Moody's has said it expects US politicians to reach an agreement on the country's debt ceiling, with a default "extremely unlikely".

The US Federal Reserve surprised investors and sent shares soaring after it unexpectedly opted to hold back on any tapering of its stimulus last night.