News

Tesco shares have opened 15% lower after the retailer said full-year profits will come in below market expectations.

Members of the executive committee at the Financial Conduct Authority (FCA) stand to lose their bonuses over the blunder that caused a collapse in prices of large insurance companies, according to reports.

A fresh flight to safety will ensure government bond yields break through "crazy" record lows again in 2015, Brandywine bond manager Regina Borromeo has said.

Former Aberdeen UK discretionary sales head Neil Steedman has joined Matthews Asia head of UK business development.

The Financial Conduct Authority (FCA) has confirmed director of supervision Clive Adamson is leaving the organisation as it makes sweeping structural and personnel changes.

FCA director of enforcement Tracey McDermott is to become the regulator's director of supervision in a shake-up of its reporting lines, according to reports.

The steep fall in the oil price could damage growth and dividend prospects for some of the UK's biggest stocks, adding to managers' concerns over the outlook for the wider market.

Think-tank New City Initiative (NCI) chairman Dominic Johnson has called for a dedicated Financial Conduct Authority division to help start-up firms.

Former executive chairman of Brewin Dolphin Jamie Matheson has been appointed chairman of Saracen Fund Managers.

Morningstar OBSR is no longer advisers' preferred ratings service, according to a poll of over 600 conducted by Schroders.