News

Britain's high street saw a marked improvement in sales volumes in May, according to the British Retail Consortium and KPMG's Retail Sales Monitor.

UK stocks have tumbled sharply this morning after Fitch labelled Britain's fiscal challenge as "formidable".

Ignis' Chris Bowie removed the group's entire credit exposure to BP last week, claiming there is not enough clarity on the oil giant's current turmoil.

Aegon's Stephen Adams says he is comfortable retaining his position in BP and claims many managers are guilty of "serious capitulation".

The Government would have to double the scale of the cuts it has already planned to come anywhere near to Canada's example of a public sector bonfire, experts have said.

The UK 10-year gilt yield fell below 3.5% yesterday as investors continued to move out of the troubled eurozone.

US fraudster Bernie Madoff has mocked the investors he swindled out of $65bn, reportedly saying he "carried them" for 20 years.

Federal Reserve chairman Ben Bernanke believes the US recovery remains on track and world's largest economy should avoid a double-dip recession.

Fee-based adviser and asset management firm Brooks Macdonald has agreed a £4m deal to acquire structured product and property group Braemar.

Just weeks away from Chancellor George Osborne's first UK Budget, M&G's Jim Leaviss has controversially praised the efforts of predecessor Alistair Darling.