News

The FTSE 100 lost more than 150 points and closed barely over 5,600 after Greece's debt was downgraded to junk status by ratings agency Standard & Poor's (S&P).

Investors have been trying for years to prise secrets out of the notoriously private Warren Buffett but it seems you are more likely to succeed if you are Saudi royalty.

Greece may have to temporarily leave the euro currency bloc in order to shore up its finances, a member of Germany's junior coalition party said today.

Henderson plans to merge away five of its retail funds as the group implements a widespread rationalisation and revamp of its product range a year on from acquiring New Star.

The FTSE 100 opened lower in early trading, falling 0.24% or 13.76 points to 5740.09, despite a raft of positive earnings announcements.

The Lloyds Banking Group, the 41% taxpayer-owned institution, has returned to profit in the first three months of the year.

Prudential's largest shareholder, the Capital Group, is eying a potential break-up of the insurer as a radical alternative to its $35.5bn AIA acquisition.

Congressional investigators yesterday accused Goldman Sachs of taking a "net short" position in the US mortgage market in 2007 that enabled it to benefit from the bursting of the housing bubble.

Peter Hargreaves, the chief executive and co-founder of Hargreaves Lansdown, is to step down in the autumn.

Old Broad Street Research (OBSR) has suspended the A rating on Cazenove's UK Dynamic fund following news manager Neil Pegrum is leaving the firm.