Public borrowing surged to a record £10bn in April, according to the Office for National Statistics (ONS).

Platforms should spend less time launching financial planning tools and "step up" their efforts in the areas of financial strength, technology and service support, according to Rayner Spencer Mills.

A claims management company has been reported to the Ministry of Justice (MoJ) over claims it repeatedly cold-called a financial adviser offering him £1,500 if he had been mis-sold payment protection insurance (PPI).

TISA has said its platform re-registration project will be completed ahead of schedule, hailing the "remarkable" progress which has now made same-day platform re-reg an achievable goal.

The Insolvency Service has said there will be no proceedings taken against Stewart Ford and the other Keydata directors.

Transact has held its top spot on The Platforum leaderboard for the first quarter.

BP has reached a compensation settlement with one of the owners of the well which leaked millions of gallons of oil into the Gulf of Mexico last year.

Transact has fallen victim to a hacking scam on Twitter resulting in the wrap inadvertently inviting followers to play an "addictive" game about mobsters and the mafia.

Upbeat economic data has boosted investor sentiment on both sides of the Atlantic with major European indices and the Dow all flying high in mid-afternoon trading.

Stewart Ford's application for a judicial review into the FSA's handling of Keydata has delayed the regulator's investigation into the investment firm, the FSA said today.