News

Warren Buffett has described last year's performance for his Berkshire Hathaway group as "subpar", despite a 45% rise in profits over the period.

Shares in banking giant HSBC fell 2% in early trading today as it reported profit before tax was $20.6bn(£14bn) in 2012, down 6% on 2011.

A group of Conservative MPs are set to publicly warn that a radical change of economic strategy is essential to revive the economy, the Telegraph reports.

Insurance giant Aviva is likely to shock the City when it posts a £3bn loss in its full-year results this week, the Sunday Times reports.

The Serious Fraud Office (SFO) was accused of cronyism, misuse of public funds and possible corruption of some of its top bosses in an official investigation, according to The Times.

The number of staff at the new financial services regulator will be approaching 4,000 by the time it comes into force next month.

The managing partner of a London-based stockbroker who was banned by the Financial Services Authority (FSA) for recklessness and incompetency has withdrawn his appeal against the prohibition.

Old Mutual Wealth CEO Paul Feeney has dispelled worries about the effects of re-registration on the group's Skandia platform after it made a £2m profit, arguing rivals are behind the curve when it comes to facilitating electronic transfers.

Gold has suffered the longest run of monthly falls since 1997 after the metal declined for the fifth month in a row in February.

Harlequin Property, a UK-based overseas property sales agent that is not regulated by the Financial Services Authority (FSA), is having "severe" problems issuing payments due under the terms of its agreement, with some investors having payments missed...