News

The FTSE 100 was sharply lower by early afternoon following G20 leaders' warning additional aid will be withheld from the eurozone until its members pledge more support for stricken European countries.

Estate agent Connells has snapped up a stake in property authorised investment fund (PAIF) provider Hearthstone ahead of the launch of its first fund.

Jupiter CIO John Chatfeild-Roberts said he will not take punchy bets on risk assets while there is still the threat of a hard landing in China.

HSBC's annual profits rose 15% to $21.9bn (£13.8bn) before tax, fuelled by increasing revenues from its emerging markets customer base.

The Financial Services Authority (FSA) will allow advisers to continue to take trail commission after 2012 on fund switches within life policies set up pre-RDR.

The FSA has issued updated guidance on firms' use of distributor-influenced funds (DIFs).

Schroders is set to add a European equity offering to its offshore range on 7 March.

Finance ministers from the G20 have told eurozone leaders they need to boost their own contributions to beleaguered countries before any more cash from the International Monetary Fund (IMF) is granted.

Prudential is considering moving its headquarters out of the UK, partly as a response to what it fears may be an "adverse outcome" on Solvency II.

M&G Investments is considering launching both a 0.75% and a 1% AMC share class as it positions its fund range ahead of the Retail Distribution Review (RDR).