News

A law firm has told Arch cru investors it is unlikely they will end up receiving the entire £110m redress the Financial Services Authority (FSA) is expecting advisers to pay out.

Standard & Poor's has raised its credit rating on Greece from Selective Default (SD) to CCC.

Unemployment in the eurozone reached yet another record high in March as spending cuts continued to hit the working population.

Home Retail Group - the UK domestic stock backed by Schroders' Richard Buxton and Fidelity's Sanjeev Shah - has reported a 60% drop in profits at its Argos chain, sending shares lower this morning.

Former Federal Reserve Chairman Alan Greenspan has labelled US equities as ‘very cheap', despite the Dow Jones closing at a four year high last night.

BSkyB has announced record nine-month profits this morning, in the same week that saw MPs label major shareholder Rupert Murdoch "unfit" to run an international media group.

Charles McKenzie, the head of fixed income, EMEA, for Aberdeen has joined J.P. Morgan Asset Management.

Henderson Group today reported growth of more than £2bn in assets under management for the first quarter of 2012 as market gains offset outflows.

UBS shareholders including F&C are set to rebel against the Swiss bank's proposed pay packages for its top executives, echoing the moves taken by Barclays shareholders last week.

The Dow Jones Industrial Average closed at a four-year high last night as investors flock to US stocks amid the resurgence in the country's economy.