The UK's failed lenders, Northern Rock and Bradford & Bingley, today reported total profit for 2011 had surged 145% to almost £1.1bn.

Market participants are expecting interest rates in the UK to remain on hold until late 2014, according to Bank of England policymakers.

Henderson Global Investors is raising its dividend after reporting a 58% profits jump in 2011, even with the cost of the Gartmore integration impacting results.

Capita, the authorised corporate director of the failed Arch cru funds, has revealed the settlement earlier this year cost it £17.9m.

Barclays Stockbrokers has partnered with Fidelity FundsNetwork to launch an enhanced version of its platform.

Barclays Stockbrokers has partnered with Fidelity FundsNetwork to launch an enhanced version of its platform.

The Bank of England's Monetary Policy Committee (MPC) was divided over its quantitative easing (QE) programme earlier this month, with two members calling for the asset purchase programme to be increased by £75bn.

Greece will receive emergency funding of €130bn after a second bailout of the stricken nation was agreed.

The FTSE 100 raced to its highest level in seven months this morning as mounting optimism over a successful Greek deal lifted sentiment.

Terry Smith, the City veteran and founder of low cost fund management group Fundsmith, has attacked platforms in the UK for adding to the overall cost of investing in funds.