News

First State has overhauled the £142m Pacific Assets Trust it recently took over from F&C, selling all but five of the existing stocks.

Barclays has so far paid £194m to settle a US-led probe into payments made to countries or people on a sanctions list.

HSBC has launched a Global Inflation Linked Bond fund which will invest in sovereign debt issued by OECD countries.

Bank of England's Monetary Policy Committee (MPC) today held interest rates at 0.5% - marking the 17th consecutive month they have been held at the historical low.

Troubled oil giant BP will restore dividends next year at 65% below its previous payout level, derivative prices show.

Barclays shares are 3% lower in early trading despite posting profits of almost £4bn in the first half.

US banks with Wall Street operations are bracing for a slump in trading profits this year after the third quarter got off to a poor start, with global economic uncertainty and Europe's sovereign debt woes leading to a slowdown in market activity in July....

Aviva recorded a 21% jump in operating profit in the first half of the year, with the insurer declaring 6% dividend increase.

Barclays has posted profits of £3.95bn for the first half of 2010, up 44% on the same period last year.

Schroders posted a £1.8bn net retail inflow in the second quarter of the year, helping to propel its first half net retail sales to £5.1bn.