News

Central banks are pursuing domestic priorities and are not engaged in competitive devaluation, a senior Swiss economist told delegates at the recent FX Invest conference.

Underlying pre-tax profit at F&C rose 11% to £52.4m in 2012 as the group's 18 month restructuring programme drew to a close.

The director-general of the Institute of Directors (IoD) has hit out at the pay packages received by bankers.

Carl Stick, manager of the £504m Rathbone Income fund, has bought back into the mining sector for the first time in a number of years, initiating a small position in Rio Tinto.

UK income investors could be in for a dividend windfall as sterling continues to slide against the dollar, analysts have suggested.

Investment platform Skandia has criticised plans by the Financial Services Authority's (FSA's) to outlaw rebates on 'legacy' business paid by fund groups to platforms from 2016.

Germany's second largest bank Commerzbank slid as much as 14% today after it said it will sell €2.5bn to repay the government and insurer Allianz amid a company restructure.

Goldman Sachs has forecast the FTSE 100 could reach 7,200 within the next 12 months - a new record high for the market.

Old Mutual Wealth CEO Paul Feeney is to join the executive committee of parent group Old Mutual as it reorganises its management structure.

A gang who made a film starring a former Eastenders actor solely as a £2.8m tax scam have been convicted at Southwark Crown Court.