News

The proposed interim levy on the investment intermediary sub-class in 2009/10 following the failures of Keydata and two stockbrokers has been cut from £70m to £58m, although the structured product-related charge has increased by £2m, the FSCS confirms...

Greece plans to raise €5bn from a new seven-year bond in its first attempt to raise funds since the EU-backed safety net agreement for the country.

J.P. Morgan Asset Management's Sebastian Luparia is targeting Brazilian infrastructure opportunities as the country looks to upgrade its facilities ahead of the 2014 World Cup and 2016 Rio Olympics.

Alistair Darling, George Osborne and Vince Cable have kicked off the election campaign with a live televised debate on the economy which saw them trading blows on issues including the national debt, financial services regulation and long term care.

Telecoms groups and miners including Rio Tinto helped the FTSE 100 off to a good start, up 16.37 (0.29%) to 5,719.39.

The Government is understood to be considering plans to offload its stakes in Lloyds Banking Group and Royal Bank of Scotland just weeks after the general election.

Deutsche Bank has released an ETF providing exposure to euro-denominated corporate bonds on the Frankfurt Stock Exchange.

The IMA has welcomed the Chancellor's move to increase Isa limits in line with inflation, saying it will continue to work with the Government to build on the Isa brand.

Hargreave Hale plans to use rules that governed the VCT sector prior to April 2006 when making new qualifying investments for its two AIM VCTs.

Exchange-traded products (ETPs) tracking commodity futures can offer consistent returns and diversification benefits, industry experts say.