Woolwich has cut rates on its range of fixed rate mortgages by up to 0.28% due to the continuing fall in swap rates.

In an unprecedented move, a member of the Bank of England's Monetary Policy Committee (MPC) has criticised the Bank for complacency and "wishful thinking", predicting that two million people will be out of work by Christmas and that house prices will...

New Star Asset Management suffered a 44% fall in operating profit in the first half of the year, as investors stripped approximately £1.1bn from its fund range.

Sesame and Leadbay have teamed up to give discounted leads to the network's appointed representatives (ARs).

Investec Structured Products has launched its third series of plans, including the next issue of accumulation and investment plans and an income plan.

New Star Asset Management's net revenue fell by 16pc to £72.8m in the first half of 2008.

The annual rate of inflation in the eurozone edged down to 3.8pc in August, according to Eurostat.

In London, trading surged in the late afternoon to put the FTSE 100 up 73.1 points (1.32%) to 5,601.2 after good news emerged from across the Atlantic.

The Liverpool Victoria Insurance Company (LVIC) has agreed terms to purchase the Highway Insurance Group.

Friends Provident says it will press ahead as planned with implementing its new UK strategy despite having its insurance financial strength rating cut by Moody's.