Abbey has issued the latest tranche in its range of capital-guaranteed FTSE 100-linked growth products.

Star bond manager Bill Gross has netted $1.7bn (£968m) in profit after betting against ailing mortgage giants Fannie Mae and Freddie Mac, The Telegraph reports.

A slow start for retailers coupled with strong losses in Asia is weighing on the FTSE100 this morning, with London's blue-chip index down 25.60 points (0.48%) to 5340.60 so far.

London's position as the world's leading financial centre is under threat from poor infrastructure and "ambiguous" tax rules, investment managers argue.

Sesame has stepped up its support for mortgage advisers as it warns of further failures to come for mortgage networks.

Property First Asset Management has launched UK Property Recovery No 4 LP, a bespoke fund focused on acquiring property that has been reposed or is under threat of repossession.

Royal London has announced its international business, formed from the merger of Scottish Life International (SLI) and Scottish Provident International Life Assurance (Spila), will be known as Royal London 360° when it launches in the New Year.

As a consumer I often get annoyed about the seemingly daft things that companies do to their products and their services.

The FTSE has nose-dived 49.90 points (0.91%) to 5366.20 due to more negative sentiment.

Lehman Brothers, the global investment bank, has announced a net loss of $3.9bn in its preliminary third quarter results, prompting plans for a strategic restructure.