News

Prudential has confirmed it is in discussions with AIG over altering the terms of its controversial £24.5bn proposed takeover of AIA.

Collins Stewart's head of fund sales Michael Brown has left the firm to become a financial adviser.

Standard Life's Global Absolute Return Strategy was the top selling European total return vehicle in Q1 as the sector saw record sales in Europe, according to Lipper.

Franklin Templeton's Mark Mobius has been buying into BRIC stocks in the past month on the belief the current share slump is only a correction in a bull market.

The FSA could be forced into a major U-turn on platform regulation as the UK's big three providers, with over 80% of total assets, labeled its proposals as "unworkable" in responses to the Discussion Paper.

Institutional shareholders owning up to 15% of Prudential are preparing to write to the chairman telling him they will oppose the insurer's $35bn takeover of AIA.

Lehman Brothers is to sue JP Morgan Chase for billions of dollars of 'lost value'.

The FTSE 100 had a strong start to the day, up 1.15% to 5095.78, despite weaker news from the US overnight with the Dow closing below the 10,000 mark.

Britain and France are at odds with other European Union countries over plans to insure against future bank failures, in another sign of the problems in trying to forge a common response to the bloc's economic woes.

Warren Buffett, chief executive of Berkshire Hathaway, will testify next week before a US panel on the role of ratings agencies in the financial crisis.