News

A leading thinktank has urged the government to take drastic steps to stimulate economic growth in the UK, as another forecast a 50/50 chance of a triple-dip recession.

Lloyds Banking Group helped the FTSE 100 gain 6% over 2012 and reverse the losses of the previous year.

Asian markets received a New Year's boost as the US House of Representatives passed a last minute deal to prevent the US falling over the fiscal cliff.

Former FSA chief executive Hector Sants has been awarded a knighthood in today's New Year honours list.

The Financial Services Bill, which will deliver fundamental reform of financial regulation in the UK, has received Royal Assent.

Invesco Perpetual global equity income managers Paul Boyne (pictured) and Doug McGraw have left the group to take up new roles at a North American firm.

The Investment Management Association (IMA) has urged fund groups to roll over past performance of existing fund retail classes to new ‘clean' RDR share classes.

London's blue chip index approached its year-high in morning trading, with banking shares among the best performers, as hopes for a resolution to the US fiscal cliff boosted sentiment.

HMRC has released further guidance on the UK's plans to implement the FATCA tax regime, which begins next year.

Standard & Poor's has increased its rating of Greece's sovereign debt by six notches, after efforts by its eurozone neighbours to keep it in the currency union.