Prudential's plans to buy AIG's Asian business edged a step closer as regulators look set to approve the deal.

The Cautious Managed sector was the top seller on Cofunds in April whilst UK All Companies saw a net outflow as the uncertain political situation weighed heavily on investor sentiment.

A Bank of New York Mellon subsidiary has been charged with fraud for misleading clients about investments tied to Bernard Madoff.

The FSA today censured Integrity Financial Solutions for advice failings relating to the sale and promotion of geared traded endowment policies (GTEPs).

Inflation is set to fall below its 2% target - even if interest rates remain at their record low, the Bank of England says in its Quarterly Inflation Report.

Prudential chief executive Tidjane Thiam is pressing ahead with the faltering AIA deal, vowing to persuade shareholders to back the $35.5bn (£23.7bn) takeover of AIG's Asian business.

Thirteen years of New Labour came to a dramatic end yesterday as David Cameron was declared Prime Minister and head of Britain's first coalition government for 70 years. Here's what the papers say about the new man at number 10.

Labour have pulled out of talks with the Liberal Democrats in their effort to forge a "progressive coalition" as the stalemate following the UK hung parliament looks set to end with a Tory/Lib Dem coalition.

US shares have retreated after their buoyant showing yesterday amid fears the eurozone aid package may not bring the economic stability hoped for.

Ashcourt Rowan has appointed Jeremy Rance to join its executive committee as director of planning.