News

Sir Nigel Rudd, the former Citigroup banker, is in the running to become the next chairman of Prudential.

Investment Week is delighted to announce our new iPad app is now available from the iTunes store via Mag+.

Hargreaves Lansdown co-founder Peter Hargreaves has seen his personal wealth fall by nearly £200m in the last 12 months, according to the latest Sunday Times Rich List.

Laxey Partners was dealt a fresh blow in its bid to overhaul Alliance Trust today, as around 80% of shareholders voted against the activist investor's proposals at the trust's AGM.

The Financial Services Compensation Scheme (FSCS) has more than doubled the annual levy for financial advisers for 2012/13, largely as a result of known claims relating to Arch Cru and MF Global.

There were fiery exchanges at Barclays' AGM today, as shareholders grilled CEO Bob Diamond over his pay packet, the PPI mis-selling scandal, and the value of the bank's shares.

Italy sold €5.95bn worth of bonds today after Standard & Poor's downgrade of Spain reignited fears over the health of European peripheral economies.

US GDP for the first quarter of 2012 rose 2.2%, undershooting analysts' forecasts.

Illusive trader Alan Howard has been ranked the wealthiest hedge fund manager as part of the Sunday Times Rich List, after his fund managed to outperform through the eurozone crisis last year.

RBS has revised its Bank of England forecasts, scrapping its prediction of further QE and forecasting an initial hike in UK interest rates in the second quarter of next year.