Wealth adviser Towry has announced a loss of £7.5m for 2010, citing the "exceptional cost" of integrating Edward Jones into the business.

Standard Life Wealth has launched a set of five risk-rated investment strategies on its wrap platform which will form the backbone of its new Managed Portfolio Service (MPS).

The ABI has urged the FSA against introducing "radical interventions" in product regulation in a strongly-worded rebuke of its recent discussion paper.

Incapital Europe MD Christopher Taylor has slammed Hargreaves Lansdown and the IMA for what he claims are commercially-motivated attacks on structured products - labelling their views a "duet of diatribe".

Retail sales staged an unexpected recovery in March, providing some respite for the embattled high street.

The FTSE has extended yesterday's gains, adding 0.2% in early trading, as strong corporate earnings and upbeat economic data continue to power the index.

BP has lauched a $40bn (£24bn) lawsuit against Transocean, the owner of the Deepwater Horizon rig that exploded in the Gulf of Mexico last year.

Nearly a quarter of advisers think using a single platform for their clients will jeopardise their claims of independence, research suggests.

Ashcourt Rowan, the wealth management arm of Syndicate Asset Management, has appointed two regional directors as part of its ongoing expansion.

The Monetary Policy Committee (MPC) was again divided six-three against a rate rise earlier this month, minutes from the April meeting reveal.