News

MPs from six political parties have this morning battered Capita with a tirade of attacks over its management of Arch cru investors' money, only to have their calls for a public inquiry into the debacle dismissed by Treasury secretary Mark Hoban

Wrap platforms Ascentric and Transact have criticised the FSA after it requested the wraps provide it with details of hundreds of their customers in order to gauge their views on platform rebates.

The Monetary Policy Committee(MPS) voted unanimously for an additional £75bn of quantitative easing at its latest meeting.

Greg Bennett has left Marlborough to join his former Neptune colleagues at Argonaut Capital.

The European Union has banned the naked short selling of CDS on eurozone government debt, to prevent short selling aggregating price declines.

Crispin Odey favourite BSKyB saw profits surge in the first quarter of its financial year, despite continuing pressure on consumers, as it prepares to buy back £750m of shares.

The FSA could face legal action for breach of its own rules unless it lifts restrictions on Arch cru investors claims at the Financial Ombudsman Service and launches a public consultation into the amount of redress they should receive.

Tory peer Lord Wolfson of Aspley Guise, chief executive of retailer Next, is offering a £250,000 prize to anyone who can explain how to manage a country's transition from the euro to a new national currency.

Apple, the world's biggest technology company, reported full year results showing net profits for the year to 25 September were $25.9bn (£16.5bn), up 85% on the previous year.

Credit agency Moody's has cut the rating of Spanish government bonds by two notches, echoing Standard & Poor's decision two days ago.