News

Banking shares dragged the UK's leading index lower in morning trading following results from Lloyds Banking Group which revealed a £570m loss for 2012.

Skandia, one of the UK's largest platforms, has reported a £2m profit in 2012 following a surge in funds under management.

Brussels is to curb bankers' bonuses from next year in a major blow to the City and the government.

St James's Place has broken its silence over its sacking of Taube Hodson Stonex Partners (THS) after a twenty-year relationship.

The founder of online voucher company Groupon has been ousted after shares in the firm fell 24% in a single day.

Lloyds Banking Group reported a loss for the full year to December 2012, much lower than the heavy losses seen the previous year, as reports suggest the UK government is gearing up to sell its stake in the bank.

London's leading share index has made modest gains throughout the day, held back by heavy losses from Royal Bank of Scotland and a number of miners.

The US economy expanded by 0.1% in the final quarter of 2012, after the initial estimate of a 0.1% contraction was revised upwards today.

Nicholas Brooks, head of research at ETF Securities, said investors may only be mid-stage in a bull market for commodities.

Paul Mumford of Cavendish Asset Management said there are so many opportunities in the equity market at present he would be amazed why anyone would consider investing in bonds.