News

George Osborne will today set out plans for the biggest shakeup of economic regulation since 1997.

Robin Geffen, the leader of the revolt against Prudential's $35.5bn bid for AIA, has labelled the insurer's bosses "petty-minded" after claming he is being frozen out of talks with management following the collapse of the deal.

Liontrust has decided to cut its dividend payment after seeing before tax profit slump from £14.3m to £796,000 over the year to end March.

Jupiter's IPO has been more than 2.5 times oversubscribed after a strong take-up from both institutional and retail investors.

Henderson's Mark Harris removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence of a market rebound.

Aegon's Stephen Adams believes News Corp will need to increase its BSkyB takeover bid to more than £9 per share, saying the current offer underestimates the earnings potential of the broadcaster.

BP bonds have plunged today after the Fitch ratings agency cut its credit rating a full six notches from AA to BBB.

Major BSkyB shareholder Sanjeev Shah believes the broadcaster, which has received a full takeover approach from News Corp, is one of a number of media companies displaying "a lot of unrecognised value".

Thames River Capital is closing the UK Absolute Income fund it acquired from Quantum last year due to its small size and poor relative performance.

Skandia has passed a £95m UK equity mandate from Mirabaud to Old Mutual mid- and small-cap specialist Richard Watts.