News

The FTSE 100 rose 1.48% or 76.18 points to 5,227.50 as sentiment was boosted by a strong showing from Wall Street and Asia overnight.

Jupiter's Guy de Blonay has joined the growing condemnation of Pru's Harvey McGrath and Tidjane Thiam, calling for new leadership after the failure to acquire AIA.

Warren Buffett was summoned yesterday to testify on the role of credit ratings agencies in front of the Financial Crisis Inquiry Commission. How did he do?

BP could have to slash dividend payments both this year and in 2011, warns Hargreaves Lansdown.

Martin Currie has named Claire Marwick as co-manager of its Japan Alpha fund, alongside Keith Donaldson and John-Paul Temperley.

The Czech Republic President has hit out at the eurozone bloc, saying the union has failed to bring meaningful economic benefits to its members.

The UK's worst performing funds have grown in size by £1bn since the start of the year, research shows.

Axa Rosenberg is to shut down its UK Small Cap Alpha fund as its assets have dwindled to £3m.

The FTSE 100 has opened 1.3% lower this morning as global indices continue to decline.

Prudential has declined to comment on whether its chief executive, Tidjane Thiam, would receive a bonus this year after the failed bid he fronted for AIA cost shareholders an estimated £300m.