News

The FSA will release a platform consultation paper within the next couple of months setting out draft rules on rebates and regulations for execution-only platforms, after Deloitte completed its research into the sector.

Gilts are seeing prices fall and yields climb after the worse than feared decline in the UK economy was revealed this morning.

The Bank of England's Monetary Policy Committee (MPC) once again voted unanimously to maintain interest rates at 0.5% and keep the quantitative easing (QE) programme at £275bn in January, despite fears inflation may fall below target levels.

US technology behemoth Apple beat estimates for Q4 profits overnight and sent shares racing toward a record high after reporting profits of $13.06bn.

Senior executives of Dalton Strategic Partnership (DSP) are set to purchase equity in the firm following the death of founder Andrew Dalton in April last year.

UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.

National Savings and Investments (NS&I) will reduce the interest rate on its direct saver accounts by 0.25% from today.

Investors cannot be counted on to make rational choices so regulators need to "step into their footprints" and limit or ban the sale of potentially harmful products, the head of the UK's new consumer protection watchdog said.

Bank of England governor Mervyn King last night backed calls for limits on boardroom pay, in a speech in which he also said the UK's economic recovery would be "arduous" and hinted at a further round of quantitative easing.

The FSA has launched a consultation on regulations for hedge funds and private equity firms that will form the basis for tough new rules on pay.