Syndicate Asset Management has promoted Mark Cheshire to interim group CEO with immediate effect.

The UK economy will escape a "double dip" next year, but households face a tight squeeze on living standards, according to the Confederation of British Industry (CBI).

The European Central Bank has expressed concerns the Irish Republic's 85bn euro ($112bn; £72bn) bail-out package could affect its ability to provide further support to eurozone members.

The FSA has confirmed the new deposit compensation limit will increase from £50,000 to £85,000 per person to tie in with new European Economic Area (EEA) regulations.

Ascentric chief Hugo Thorman says the FSA's "shocker" of a proposal to ban cash rebates is "fraught with difficulties" and has vowed to focus his energy on overturning the decision.

Yesterday's £2.8m fine for Scottish Equitable took the FSA's total this year beyond £88m, representing a rise of some 153% on 2009.

True Potential is launching a platform next year which could be up and running by Q1.

The City watchdog says it might be prepared to publish previously-secret findings of its investigation into events leading up to the rescue of RBS.

Ratings agency Moody's has put Spain's credit rating on review due to concerns over the country's mounting debt.

National IFA Towergate Financial has promoted business development director Dan Saulter to the new role of chief operating officer.