News

The spread between safe haven bond yields and those of peripheral European nations has widened as fears grow over the weakness of the Spanish banking sector.

Hargreaves Lansdown's investment manager Ben Yearsley has left the firm by mutual agreement.

Markets in Europe were selling-off across the board today as Spain's banking crisis deepens.

The Financial Services Authority (FSA) has fined an independent financial adviser £60,000 for the unsuitable sales of Unregulated Collective Investment Schemes (UCIS) and other non-mainstream investments.

Spain has seen its plan to recapitalise stricken Bankia by indirectly asking the ECB for cash rejected by the ECB, the FT reports.

The Serious Fraud Office (SFO) is being asked to explain why it dropped a fraud investigation against a hedge fund manager who was later fined £3m by the Financial Services Authority (FSA) for deceiving clients.

Shares in Facebook tumbled to a new low overnight in the latest low point in one of the worst ever IPOs.

Hargreaves Services, a core holding of James Hanbury's Odey UK Absolute Return fund, fell 30% earlier this week following a profits warning.

Investec has appointed Guinness Asset Management's Tom Nelson and Newton's Charles Whall to run its Global Energy fund, replacing exiting co-managers Mark Lacey and Jonathan Waghorn.

US stocks saw their first weekly gain since April as Greek election polls revealed support for pro-bailout parties and data showed the American housing market is stabilizing.