Investors in ethical funds have been amongst the hardest hit by the market volatility of the past year, according to the results of a survey by Investment Life & Pensions Moneyfacts.

iShares is rolling out an education campaign in light of the rapid development of the ETF marketplace and a dearth of information available to investors.

Salt Finance, the lending subsidiary of Derbyshire Building Society, has confirmed it is withdrawing from the residential intermediary market as of today.

More than £71bn has been wiped off the market value of British banking stocks in the 12 months since the start of Northern Rock's downfall.

AIM-listed advisory and discretionary manager Brooks Macdonald recorded a 27% jump in pre-tax profit over the year to 30 June.

New wrap platform Novia Financial has formed a partnership with technology provider FinQS to offer cost effective TCF management information tools for advisers.

Fidelity Multi-Asset Strategic fund manager Trevor Greetham has slashed exposure to commodities on expectations of a revival for government bonds and cash.

Travel companies have soared to the top of the FTSE winner's table in early trading on Friday on the back of news holiday firm XL has gone into administration.

Lehman Brothers is actively searching for a white knight to buy the bank with the help of the US government after investors rejected chairman Dick Fuld's plan to split Lehman in two, sending its shares down as much as 42%, The Telegraph reports.

A campaign designed to help advisers maximise sales during the mortgage drought has been launched by Bright Grey.