News

Adjusted profits at UK lender Barclays surged by over a fifth in the first quarter of 2012, well above expectations.

Oil giant Royal Dutch Shell has reported a rise in profits owing partly to strong demand for energy which is keeping oil prices high.

EEA Fund Management has welcomed yesterday's "helpful" guidance from the FSA, on its intention to ban the sale of traded life policy investments (TPLIs) to retail clients.

Apple shares leapt as trading began on Wall Street today after it reported yesterday that profits had almost doubled in a single quarter.

S&P Capital IQ has revealed its pick of the best funds with a decade-long track record, as it introduces a new 10-year grading system.

Australia is offering better opportunities than Asia for income investors, according to Jason Pidcock, manager of the £1.8bn Newton Asian Income fund.

HSBC is to cut 2,000 jobs in the UK by the end of next year as part of its cost-cutting drive, according to reports.

Industry commentators forecast an even gloomier second quarter after the Office for National Statistics revealed the UK slid back into recession in Q1, with negative growth of 0.2%.

Jupiter has launched the Strategic Reserve fund for multi-asset specialists Miles Geldard and Lee Manzi, aiming to deliver a total return with low volatility.

The FSA has hinted it may impose stricter regulatory requirements on firms recommending traded life policy investments (TLPIs) after issuing final guidance stating they should not be promoted to most retail investors.