News

BG Group has reported a 17% increase in operating profit in the third quarter as higher commodity prices offset lower output in the UK.

The Financial Services Authority (FSA) has fined Credit Suisse £5.95m for systems and controls failings in relation to sales by its private bank of structured capital at risk products (SCARPs).

Economist Nouriel Roubini believes the unresolved debt crisis in Europe has resulted in more than a 50% chance of a worldwide recession.

Polar Capital has appointed Ton Tjia to establish a European Market Neutral franchise for the group.

The disparity of returns between hedge funds in September was the highest ever seen by Luke Ellis, head of Man's multi-manager unit and a veteran of the fund of hedge funds business.

F&C's share price rocketed in early trading as investors welcomed plans from Sherborne Investors' Edward Bramson to slash costs and cut staff.

US stocks advanced on Monday amid perceived progress in talks to resolve the eurozone debt crisis.

The risk of another UK recession is higher now than in recent months, according to Bank of England policymaker Martin Weale, who expects the economy to contract in the final quarter of 2011.

BP saw profits soar in the third quarter as it prepares to sell off a further $15bn worth of assets, and the CEO pledges to boost the oil major's dividend and increase share buybacks.

JO Hambro Capital Management's (JOHCM) Clive Beagles has bought into UK food giant Tesco for the first time in seven years amid expectations the group will renew its focus on payouts.