News

Resolution Group has reported new business of £138m for the first nine months of the year, up 45% from £95m for the same period last year, led by the company's UK operations.

Global credit ratings agency Moody's has warned the UK is at risk of losing its AAA status should the economy slide into a triple-dip recession.

US indices slumped overnight as prospect of politicians at loggerheads over the fiscal cliff continued to worry investors.

Investec has reported its results for the half year to 30 September, a period which saw its business impacted by a depreciation in the South African rand.

Henderson's Job Curtis, manager of the City of London Investment Trust, has taken profits from tobacco giant British American Tobacco (BAT) after a stellar decade for the group.

The Financial Services Authority (FSA) has brought cases against Arch Financial Products and the company's chief executive Robin Farrell and chief operating officer Robert Addison.

Lindsell Train co-founder Nick Train said he is no longer comfortable increasing exposure to Hargreaves Lansdown, amid fears its share price could suffer a setback as the firm adjusts to the world post-RDR.

SVM Asset Management is to close its underperforming UK Absolute Alpha and Cautious Managed funds at the end of the year due to their small size.

Bank of England governor Mervyn King has said the UK economy may contract once again in the fourth quarter of 2012 despite moving out of recession in Q3.

Victims of Bernard Madoff's Ponzi scheme are set to receive proceeds from a $210m settlement between a Bank of New York Mellon advisory firm subsidiary and US authorities, the New York attorney-general has said.