News

BP's shareholders have called for a cash payout to be made if the sale of its 50% stake in TNK-BP goes through, as talk it is poised to offload its holding imminently picks up.

UK dividend payments hit another record high in Q3 2012, the latest figures from Capita have revealed, although the mood was soured somewhat as it warned it will be "much harder" to make progress in 2013.

Commerzbank is set to unveil a commodities-focused investment vehicle as part of the bank's drive into the UK investment market.

Nationwide is considering making a bid for the 316 bank branches that Royal Bank of Scotland has been forced to sell, according to reports.

The double-dip recession which has plagued the UK for the first half of 2012 should officially end later this week, economists are predicting, as the impact of the Olympics and the Jubilee kick-in.

Albion Ventures has launched a top up scheme seeking to raise up to £15m across six of its venture capital trusts (VCTs).

Platform giant Skandia's sales force is understood to be facing a significant reduction in numbers after the group - now known as Old Mutual Wealth - revealed there will be 200 jobs lost across the business.

Cofunds is planning to target life companies failing to attain traction in the platform market.

Shares in Lloyds Banking Group and RBS have fallen today after broker Cazenove warned of the potential impact of further PPI provisioning.

Kames Capital's David Griffiths and David Pringle have removed their short position in UK food retail on the UK Equity Absolute Return fund, as the prospects for supermarkets like Tesco look more positive.