News

LV= retirement business has increased sales by 15% to £142m and profits by 20% to £33.7m in the last year, business results have revealed.

The Financial Services Authority has arrested a 23-year-old man as part of an investigation into a suspected unauthorised foreign exchange trading scheme.

Merchant House Group will recommence trading ordinary shares on Aim at 12pm today following the suspension of shares on March 29.

J.P. Morgan has launched the J.P. Morgan Macro Hedge Dual TR Source ETF in conjunction with Source. The Dublin-domiciled fund combines US and European volatility exposure in a single product.

The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says.

Industry veteran Ken Davy has criticised the FSA for refusing to restructure the Retail Distribution Review (RDR) following the effects of the banking crisis.

Hartwig Kos, co-manager of the Dublin-domiciled Baring Dynamic Emerging Markets Fund (DEMF) says the fund has increased exposure to emerging market equities due to a more risk-favourable environment.

Ian Hannam, the chairman of capital markets at JP Morgan Cazenove, is understood to have resigned today after the Financial Services Authority (FSA) indicated it would fine him £450,000 for market abuse.

The FTSE 100 has traded flat at the open after gaining 1.9% yesterday - a day which also saw leading US indices reach their highest levels in four years.

Aberdeen Asset Management CEO Martin Gilbert has said he wants to oust Katherine Garrett-Cox as chief executive of the £2.1bn Alliance Trust, according to a report in the Telegraph.