News

A delegation from Guernsey's finance industry is visiting Moscow this month to learn more about the potential opportunities for the two centres to do business together.

Software provider FNZ is building a multi-channel platform offering for Close Asset Management, including direct to consumer and retail-advised arms.

HSBC's shares have fallen more than 1.5% this morning after the bank revealed profits fell by $806m in Q1, driven down by $440m (£268m) PPI provision.

House prices across the UK fell 1.4% in April as the "modest decline" continues, according to Halifax.

Redemptions in commodity ETFs have been mostly confined to "a few precious metal and energy products" despite a widespread fall in prices, according to ETF Securities.

Skandia Investment Group has removed the Asian mandate within its £312m Global Best Ideas fund from Treasury Asia Asset Management's Peter Sartori, handing it to Far East specialist Tiburon Partners.

The British Bankers' Association (BBA) has drawn a line under its legal fight to avoid PPI mis-selling payouts.

MPs have condemned some of the coalition's most controversial plans for welfare reform and called for them to be scrapped in two early day motions (EDMs).

Weekend papers round-up: Spanish property, the value of marriage and Swiss tax exiles were all on the news agenda, while popular acronyms included JISAs and MINTs.

£10.72 billion of investors' returns from their cross-border shares and bonds stand to be lost in the latest financial year because withholding tax is not being properly reclaimed, according to tax reclamation specialists, GOAL Group.