Economics / Markets

A former sales trader at Legal & General's investment management arm and a broker are the latest defendants to face charges in the Financial Services Authority's (FSA) biggest insider-trading investigation.

Malcolm Streatfield, chief executive of the Lighthouse Group, has transferred 233,333 ordinary shares of 1p in the company into his self-invested personal pension (SIPP).

Britain's bailed-out banks need billions of pounds more capital to shore up their balance sheets and support the economy, senior Bank of England officials have warned.

The UK's main inflation rate has remained at 2.7% for the third month in a row, broadly in line with economists' expectations, despite steep rises in energy bills.

The scale of the fine due to be levied on the Royal Bank of Scotland (RBS) for its attempts to manipulate the Libor interest rate could be as high as £500m, according to reports.

Investment companies should look to reduce the number of active funds they offer, according to AWD Chase De Vere following in-house research showing underperfomance in all but one key sector.

The euro has hit a nine-month high against sterling after UK industrial output grew less than expected in November.

Two executives at Royal Bank of Scotland (RBS) are reportedly under pressure to step down as US and UK regulators are concerned about the culture of the investment banking division at the bank.

The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package to shore up its flagging economy.

Henderson's European equity managers Bill Stormont and Paul Casson have both left the firm, along with smaller companies manager Simon Savill.