The Financial Ombudsman (FOS) has told an investor who alleges Norwich & Peterborough (N&P) mis-sold him a Keydata investment to seek compensation from the industry-funded FSCS instead.

Sterling fell against the dollar and the euro after the Bank of England downgraded its economic growth forecast for 2011.

The FSA has levied fines totalling £143,500 on two firms which failed to check the suitability of the pension switching advice they gave their customers.

Norwich & Peterborough (N&P) has confirmed troubled Keydata-backer Lifemark is in a position to repay in full the £1.5m borrowed from the building society in October.

Administrators of Lifemark, the troubled Keydata backer, have secured a three month stay of execution for the fund amid intense negotiations with a mystery backer.

A disqualified director who admitted losing and spending £14m of investors' money as part of Madoff-style Ponzi scheme has been jailed for eight years.

Official inflation figures due out today are misleading the public, according to international experts who say the data understates the true increase in the cost of living.

Barclays pre-tax profits jumped almost a third in 2010 to £6.07bn, slightly higher than analysts were expecting.

London Capital Group (LCG) has admitted it could face compensation claims of £7.7m after an unfavourable early ruling by the FOS forced it to u-turn on a previous statement that redress costs would be "immaterial".

A group of 700 Keydata SLS investors have raised the hundreds of thousands of pounds needed to escalate a legal case for compensation against the biggest names in global finance.