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UK-based overseas mortgage specialist Conti Financial Services has launched a remortgaging service for owners of residential property overseas.

Legendary fund manager Anthony Bolton will be among the speakers at this year's Morningstar Conference, which takes place on 21 and 22 May at the Hilton London Metropole.

The days of City "hubris" must come to an end, the Bank of England cautioned yesterday in an extraordinary attack by Mervyn King, the Governor, on excessive pay packages and heavy risk-taking, reports The Times .

Royal Dutch Shell and BP, Europe's two largest oil companies, both saw first quarter profits jump thanks to record crude prices and higher natural gas prices, The Telegraph reports.

Bank of Ireland Offshore has launched a guaranteed stockmarket-linked structured product, the International Growth Bond.

HBOS, the UK's largest mortgage lender, is set to launch a rights issue to raise up to £4bn as it braces itself for an ongoing downturn in the UK economy, The Telegraph reports.

Deutsche Bank has launched two money market exchange-traded funds (ETFs) that aim to appeal both to buyers of money market funds and to users of traditional deposits.

Landsbanki Guernsey has launched a new fixed-term sterling account offering an interest rate of 7% gross.

HALF of UK IFAs have been hit by falling margins while a quarter are showing signs of "recessionary behaviour" and reporting a decline in sales, a survey suggests.

Barclays held open the possibility of a rights issue yesterday but hinted that it was seeking other ways of beefing up its balance sheet, reports The Times .