News

The Financial Services Authority (FSA) has warned of a second man contacting firms pretending to be from the regulator.

Scottish Widows Investment Partnership (SWIP) has appointed former of global equities William Low as director of equities following a restructure of its equities strategy.

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to keep rates on hold and maintain QE at £375bn in August but expressed fears over sterling's continued appreciation.

The UK's unemployment rate fell in the second quarter of the year, from 8.2% to 8%, although the number of young jobseekers climbed over the period.

Resolution has confirmed it will make no more acquisitions and abandoned plans to split Friends Life after revealing a 58% fall in profits.

Greece is seeking a two-year extension to its austerity programme from the European Union and IMF as it struggles to find room for another €11.5bn of spending cuts.

Billionaire investors George Soros and John Paulson have upped their stakes in the largest exchange-traded fund backed by gold as the commodity posted the largest quarterly drop since 2008.

Standard Chartered has agreed to pay a $340m (£217m) fine to US regulators after it was accused of trying to hide up to $250bn of transactions with Iran.

FOUR Capital Partners is to expand its product range with the launch of a low volatility global equity fund this September.

FINALISTS