News

Outgoing Bank of England Governor Sir Mervyn King has urged successor Mark Carney not to spell out how long interest rates will remain low when he takes charge.

Celebrities, bankers and football stars have been caught up in an alleged £125m tax fraud after putting their money into failed film investment plans.

Fidelity Worldwide Investment has cut a number of jobs across its IFA sales team, Investment Week can reveal.

The government is set to push ahead with plans to privatise Royal Mail this year in a £3bn float, as profits at the group continue to impress.

Yahoo, one of the world's most popular search engines, is said to have approved a $1.1bn deal to buy blogging service Tumblr, according to reports.

Cazenove Capital's shareholders have approved the proposed acquisition of the business by Schroders for £424m.

BP has become the victim of a "shakedown" by US regulators and media as it attempts to resolve claims arising from the 2010 Gulf of Mexico oil spill, according to M&G's Tom Dobell.

Online encyclopedia Wikipedia could be used to indicate future movements in the stock market, a new study has suggested.

The London property tycoon behind one of Britain's biggest mortgage scams has been given an extra four years in jail after judges ruled his sentence "too generous".

IMA chief executive Daniel Godfrey says there is "no reason" why fund groups should not be able to agree a methodology for displaying costs more transparently by the end of 2013.