Chancellor Alistair Darling last night expressed confidence Britain was on the road to economic recovery but warned the financial sector could not return to 'business as usual' and a 'culture change' for banks was essential.

Treasury Minister Kitty Ussher has resigned following revelations about her expenses claims.

Gross mortgage lending declined 2% to £10.3bn in May from April's figure of £10.5bn, according to the latest data from the Council of Mortgage Lenders (CML).

A senior French official has confirmed Gordon Brown is almost powerless to stop the creation of a European regulatory machinery at today's EU summit, opening the way for a transfer of control over the City from London to Brussels, reports The Telegraph...

Legal & General (L&G) says more than half of protection applications are now placed on risk immediately thanks to its new online tracking tool.

Mining and banking stocks helped the FTSE 100 to a marginal gain in early trading on Thursday following recent heavy falls in the sectors.

A study carried out before the collapse of structured products plan manager Keydata found advisers consider the investments the best option for income seekers in today's market.

Friends Provident International (FPI) has added two new funds to its mirror range, targeting investors at different ends of the risk spectrum.

Yorkshire Guernsey has launched fixed rate accounts plus a Global 90 Account for personal and business investors.

In difficult times, the Budget changes to higher rate pension taxation came as harsh news to many investors and advisers already struggling to find attractive investment opportunities in such a low interest rate climate.