News

Scottish Widows Investment Partnership's (SWIP) £1.1bn Sterling Credit Advantage fund, managed by Roger Webb, has been moved into the Specialist sector with immediate effect.

German insurer Allianz has seen profits fall 80% in the third quarter as the impact of investments in European banks, and Greece, impacted returns.

US treasury secretary Timothy Geithner has urged Asia-Pacific countries to ramp up their efforts to restore growth in the global economy.

The Financial Services Compensation Scheme (FSCS) has begun reimbursing firms some or all of their share of a £326m interim levy after they successfully applied for a refund.

A pub has issued its own £500 bonds in an attempt to raise money.

Ratings agency Standard & Poor's (S&P) was last night at the centre of a storm after it accidentally downgraded France's AAA rating.

New Star's lawyer has hit back at claims from former fund manager Patrick Evershed that up to 20 staff were signed off because of stress, claiming Evershed is not afraid "to exaggerate".

Film tax relief, the Government's targeted tax break for the British film industry, has been extended until the end of December 2015.

France is drawing up plans to create a breakaway organisation of eurozone countries with its own treaty, parliament and headquarters.

Eurozone leaders need to act within the next few days or it will be "game over" for the euro, warned Kames Capital's Phil Milburn.