News

Scottish Widows Investment Partnership (SWIP) has appointed Martyn Gilbey as head of wholesale, replacing Kevin Addison who left the firm in June.

Lloyds Banking Group investors have shrugged off the bank's extra provisioning for PPI mis-selling, sending the bank's shares up 7% on better-than-expected progress on cost cutting.

JP Morgan is suing the former boss of trader Bruno Iksil, who was nicknamed the 'London Whale' because of the huge bets he made which contributed to a £3.7bn loss for the bank.

UK equities have been surprisingly resilient this year, with the FTSE 100 and the FTSE All-Share each posting gains in the face of a raft of macroeconomic uncertainties.

Wall Street bounced back shortly after open today following a two day lock-down forced by extreme weather conditions in New York City.

Shares in BG Group have slumped 19% this morning after the oil and gas giant said it does not expect any production growth next year.

The Investment Management Association (IMA) has appointed the former director general of the AIC Daniel Godfrey to replace Richard Saunders as its chief executive.

Wealth manager St James's Place (SJP) has stepped up recruitment activity ahead of implementation of the Retail Distribution Review (RDR) and on the back of the withdrawal of some advisory firms from the market.

Former Conservative cabinet stalwart Michael Heseltine is to argue the coalition government cannot continue on its current economic path in a "damning" critique of its growth strategy.

Barclays shares have fallen after the bank revealed it is facing two new US regulatory investigations into its conduct.