News

(Updated 2:30pm) Banks are continuing to take the brunt of the latest market sell-off as fresh fears of a European banking crisis emerged on Monday.

Fears over Italy's ability to push ahead with fiscal reforms have pushed bond spreads back up towards record levels as investors rush to safety once more.

Schroders has expanded Johanna Kyrklund's multi-asset team with the appointment of Matthias Scheiber as fund manager.

Net retail fund sales fell to their lowest level since October 2008 in July while equity funds saw net outflows for the first time in over two years.

Franklin Templeton Investments has been given the all-clear from the FSA to rebrand Rensburg Fund Management.

PIMCO's Bill Gross, manager of the world's largest bond fund, has called on George Osborne to revise his austerity measures to stop the UK falling into recession.

The FTSE 100 is extending early losses after data from the vital UK services sector showed the largest decline in activity in a decade.

Average bonuses for directors of FTSE 350 companies soared by 187% since 2002, despite companies' share prices failing to follow suit, a new report has revealed.

The Independent Commission on Banking (ICB)'s plans to ring-fence will have a very limited impact on the UK's economic output, according to Ernst & Young.

Alistair Darling has launched a scathing attack on Mervyn King's governorship of the Bank of England during the financial crisis, and warned the government's decision to hand more power to the institution is a mistake.