News

Royal Bank of Scotland shares jumped 6.8% in early trading after the bank reported smaller-than-expected annual losses of £3.6bn.

Rathbone Unit Trust Management Income fund manager Carl Stick has hit out at short-termism.

The FTSE has risen by 0.5%, or 27.8 points to 5342.92 today, buoyed by unexpectedly cheery news for banks.

The Financial Services Authority is working to improve liquidity and transparency in the UK bond market in the face of increasing competition from emerging markets.

Schroders plans to launch a new high conviction global equity fund, Schroder Global Alpha Plus, in May.

The traded life policy investments (TLPI) market has "significant problems" and is in no way a mainstream option for investors, the FSA's head of investments said today.

St James's Place posted a £2.3bn net inflow last year to reach record funds under management of £21.4bn at end 2009.

The Conservative Party yesterday said it aims to complete a radical reform of financial services regulation in just five years.

Rathbone Unit Trust Management suffered a £230m net outflow in 2009, taking its total funds under management down to £940m at 31 December.

The FTSE opened marginally higher this morning, rising by 18.7 points, or 0.4%, to 5333.79.