News

The FTSE opened at 5,674.63, up 32.01 points (0.57%), on the back of positive employment figures from both the UK and US yesterday.

Lloyds Banking Group is expecting to make a profit in 2010 after making losses of £6.3bn last year.

A former employee of Lloyds Banking Group has accused the bank of artificially inflating its profits by almost £1bn through the use of aggressive tax-avoidance schemes and exotic "Lehman- style" offshore deals which he said amounted to false accounting....

Prudential chief executive Tidjane Thiam will not be joining SocGen as a non-executive director amid strong shareholder anger at the proposed move.

Ghana is as long as 75/1 with some bookmakers to win this summer's World Cup, but the IMF predicts the west African nation will walk away with a world title of a different kind in 2010.

The CEO of Legal & General Investment Management has announced he is stepping down after five years in the role.

A record $200bn issuance of new inflation-linked bonds from the UK, US and Europe is forecast this year as global governments seek to finance ballooning budget deficits.

The FTSE was modestly lower in early Thursday trade following reports Greece may yet seek financial aid from the IMF because of disillusionment over the prospects of help from the EU.

The Prudential chief executive Tidjane Thiam was under fire from shareholders last night after taking on a second high-profile job while trying to steer the insurer through a record takeover deal.

The Investec Multi-Asset Protector fund's protected floor has hit its initial launch net asset value after climbing over 25% since inception last year.