News

The UK Government has set out its plans for a proposed bank levy which it hopes will raise £2.5bn annually.

The board of George Luckraft's Framlington Innovative Growth trust is seeking shareholder approval to change its investment strategy.

Hopes of a strong Q2 earnings season boosted investor sentiment on Tuesday, sending the FTSE above 5,270.

Skandia has handed the management of its $125m (£83m) Technology fund from Wellington Management Company to Janus Capital Group.

UK inflation dropped for a second consecutive month to 3.2% in June, driven by falling petrol and clothing prices, according to the Office for National Statistics (ONS).

The Office for Budget Responsibility (OBR) needs to have its own staff and offices to head off criticism it lacks independence, outgoing boss Sir Alan Budd says.

HSBC has launched an ETF tracking the Brazilian stock market.

Aegon has named former ABN Amro AM chief and ex-Artemis director Sarah Russell as the new CEO of its asset management business.

China bought up to €400m of Spanish 10-year bonds last week as Asian investors returned to the peripheral eurozone markets.

China's leading credit rating agency has stripped the AAA ratings from the UK, US, Germany and France, accusing competitors in the developed world of a bias to the West.