News

UK GDP growth for the third quarter of 2012 has been confirmed at 1% by the Office for National Statistics in its second official reading.

The appointment of the Bank of Canada's Mark Carney as the next Bank of England governor has been heralded as an "outstanding choice" by analysts and led to upgrades for UK banks.

The Solicitors Regulation Authority (SRA) is to recommend that its members are allowed to refer clients to both restricted and independent advisers.

The ‘advice gap' post-Retail Distribution Review (RDR) is a major cause of concern and must be monitored closely by regulators, the Association of British Insurers (ABI) will say later today.

Eurozone finance ministers have negotiated a rescue package for the rapidly deteriorating Greek economy following ten hours of intense talks in Brussels.

Caledonia trust has recruited Stuart Bridges, chief financial officer at insurer Hiscox, to join its board as it continues to implement a turnaround plan in an effort to narrow its discount.

Mark Carney has seen off fierce competition to land the job of Bank of England governor, replacing outgoing chief Sir Mervyn King next summer.

Adam Smears, formerly the head of investment research at Skandia, has joined Russell Investments to lead its fixed income research team.

UBS Global Asset Management has appointed Thomas Wels as head of its global real estate business.

European stocks slumped in afternoon trading ahead of a meeting of eurozone finance ministers to agree on the next tranche of aid for Greece.