News

The government has once again turned down a request from an MP for an independent investigation into the Arch cru collapse.

Advisers with clients exposed to boiler room brokerage Sky Capital have begun enquiries into compensation, IFAonline understands.

Xstrata's fourth largest shareholder, Standard Life Investments, said it will vote against the recommended merger between the miner and Glencore because the deal "clearly undervalues" the miner.

Swiss banking giant UBS has seen its profits plunge 76% in the last quarter of 2011 as its investment banking arm turns loss-making.

Schroders is launching a strategic bond fund for former GLG fixed income star Gareth Isaac and head of global macro Bob Jolly.

Mining company Xstrata has formally announced its intention to merge with Glencore, the world's largest commodities trader, creating a commodities 'powerhouse'.

Royal London Asset Management (RLAM) said today net new business had fallen sharply in 2011 as the uncertainty caused by the sovereign debt crisis in Europe hit sentiment.

UK oil leviathan BP today announced its first dividend hike since it resumed payouts a year ago, after revealing profits had soared in the fourth quarter of 2011.

Income investors enjoyed a bumper year in 2011 as dividends from UK-listed companies hit an all-time high, surging 12.8% to £67.8bn.

Troy Asset Management's Francis Brooke has cautioned against overconfidence on BP's anticipated announcement of a dividend increase when it reports its Q4 results tomorrow morning.