News

The UK's ongoing recovery from one of its worst spells for decades could give the Chancellor room to cut taxes by £7bn in 2015, a leading consultancy has said.

Tax relief on pensions should be replaced by a Treasury contribution of 50p per £1 saved, argues a radical report by Michael Johnson for influential thinktank the Centre for Policy Studies (CPS).

GlaxoSmithKline, the UK's largest pharmaceutical group, and rival AstraZeneca, saw shares jump sharply - with the latter up 10% - as a series of deals in the sector boosted prices.

Sarasin has scrapped the performance fee and reduced the annual management charges on its AgriSar fund as it prepares to rename the vehicle.

The Financial Conduct Authority (FCA) has banned two men from working in the industry for orchestrating unsuitable self-invested personal pension (SIPP) switches.

The Co-operative group has reported a record loss of £2.5bn after a "disastrous year" during which its banking division and the wider group came close to collapse.

Fidelity Worldwide Investment's bond manager Ian Spreadbury has said his fund has lagged competitors in the last year because of his ongoing caution amid a move by peers to add equity-like risk to their portfolios.

Sterling has climbed to a four-year high against the dollar after the UK's jobless rate, one of the triggers for an interest rate rise, was breached.

Retirees receiving financial 'guidance' via the government's 'right-to-advice' promise outlined at Budget 2014 will also be told how long they are likely to live to help inform their decision about what to do with their retirement savings, Steve Webb...

Ardevora founder Jeremy Lang has been shorting "in denial" UK companies reliant on emerging markets, while attempting to exploit the domestic recovery.