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News

Green

Carbon credit investments defended after police warning

The Carbon Advice Group (CAG) has defended carbon credit trading after the police issued a warning about ethical investment boiler room scams.

clock 16 August 2011 •

Life Office

Friends Life creates 'heritage' unit for closed business

(Updated) Friends Life is to separate its open and closed books of business as part of parent company Resolution's UK Life project.

clock 16 August 2011 •

Investment

FSA fines Morrisons chief £210k for share disclosure failings

The Financial Services Authority (FSA) has fined former Morrisons supermarket chairman Sir Ken Morrison £210,000 for failing to accurately disclose his holdings in the retailer.

clock 16 August 2011 •

Your profession

Bluefin WM chief de Soysa leaves

Suvan de Soysa, the managing director of Bluefin Wealth Management who oversaw a restructuring of the business, has left the company.

clock 16 August 2011 •

Economics / Markets

UK inflation accelerates to 4.4% in July

Price pressures across a number of areas forced UK CPI annual inflation up from 4.2% in June to 4.4% in July.

clock 16 August 2011 •

Technology

SimplyBiz acquires SIFA

Adviser services provider SimplyBiz has acquired SIFA, a support organisation for independent advisers who work with solicitors and accountants, for an undisclosed sum.

clock 16 August 2011 •

Investment

J.P. Morgan Private Equity trust to buy Arch cru assets

J.P. Morgan Private Equity Ltd (JPEL) has moved to snap up assets from the former Arch cru portfolios in a deal worth £56.5m.

clock 16 August 2011 •

TCF

Barclays' employee blames 'toxic' targets for £820k theft

A former Barclays Bank employee has been jailed for three years after he stole £820,000 from a pensioner's bank account.

clock 16 August 2011 •

Economics / Markets

German GDP growth slump sends shares tumbling

German growth lurched sharply lower in the second quarter of 2011, piling more pressure on the eurozone and sending shares in the UK lower in early trading.

clock 16 August 2011 •

Investment

Aegon offloads UK life and pensions outfit Guardian

Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m.

clock 16 August 2011 •
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