News

Standard Chartered's second largest shareholder, Aberdeen Asset Management, has taken advantage of share price weakness to increase its stake in the lender across its fund and investment trust ranges.

The FTSE 100 has opened up 0.4% on the final day of Q3 trading as Spain's 2013 budget measures helped ease concerns over the country's economy.

The Spanish government has announced €40bn in spending cuts and budget savings in its latest attempt to turnaround the country's struggling economy.

Prudential has dropped funds including Richard Buxton's Schroder UK Alpha Plus fund from its Dynamic Portfolio range in a move to diversify UK equity risk.

Colin Ng, head of Asian equities at Barings, has left the group to pursue other opportunities.

The LIBOR system is "broken and needs a complete overhaul", according to Financial Services Authority (FSA) head of conduct Martin Wheatley.

James Senior, head of marketing at Ignis, has left the firm with immediate effect.

The US economy grew more slowly than expected in the second quarter, compounding fears the world's largest economy could be heading back into recession, the latest data has revealed.

Senior bank staff overseeing traders who set LIBOR will need to be formally authorised by the Financial Services Authority (FSA) under new proposals to combat rate rigging, Sky News reports.

Lloyds Banking Group (LBG) will no longer offer a mass market investment advice service for clients with less than £100,000 to invest.