News

Tax avoiders will be forced to hand £500m to HM Revenue & Customs (HMRC) after a ruling by the Supreme Court.

Friends Life has reported a 41% increase in the value of new business for the first nine months of 2013, rising from £94m during the same period last year to reach £133m.

Investor group Little River Victims (LRV) has started proceedings against an Algarve-based golf resort developer after losing $3m of investments in US properties that were sold to them through their advisers.

Twitter shares have dropped below $40 on Monday for the first time since they were listed listed last week, as investors began to take profits.

UK CPI inflation dropped to 2.2% in October, a larger-than-expected fall that sent sterling to a two-month low against the dollar.

Sanlam is to streamline its business in the UK and is considering merging its Sanlam Private Investments (SPI) arm and Sanlam UK brands.

Shares in Just Retirement have been priced at 225p each ahead of its initial public offering (IPO), based on a market capitalisation of £1.1bn.

Alliance Trust Savings has hired Damian Smyth from Cofunds to head its intermediary sales team.

Standard Life has announced a review of its FundZone and Sigma fund supermarkets, in order to make them more "wrap-like".

F&C Investments is planning to launch a fifth fund in Gary Potter and Rob Burdett's risk-targeted Lifestyle range.