News

The Serious Fraud Office (SFO) has launched a joint investigation with Essex Police into complaints in relation to the Harlequin group.

The Office of Fair Trading (OFT) has told the country's 50 leading payday lenders that they have 12 weeks to change their business practices or risk losing their licenses.

Marlborough's top-performing fund manager Giles Hargreave has admitted it will be difficult for UK small-cap equities to replicate their 2012 performance this year.

Sir Mervyn King, the outgoing Governor of the Bank of England, has written to a small business owner to offer his sympathies after the man's own bank refused him a loan.

The FSA was aware that LIBOR rigging could pose a ‘significant issue' to the UK's banking system as early as 2008, an internal report has shown.

Insurance giant Legal & General (L&G) has reported increased operating profit of £1.09bn in 2012, beating analysts' forecasts thanks to double digit sales growth.

Marlborough Fund Managers has brought its two emerging market equity vehicles in-house as it capitalises on its recently-strengthened equities team.

M&G's Graham French has been selling down his exposure to commodities after falling prices and a ‘poorly managed' sector hit the performance of his Global Basics fund last year.

The Dow Jones Industrial Average - one of the two most quoted indices in the US - has hit a record high above 14,200 points, surpassing its 2007 peak.

Invesco Perpetual's Neil Woodford has said the fund management industry is "failing" on corporate engagement as he defended his own investment style to MPs this morning.