News

Foster Denovo has agreed a deal to acquire the IFA business of independent Lloyds brokerage firm John Holman & Sons.

The UK economy grew by 0.5% in the first quarter of the year, down slightly on economists' forecasts, the Office for National Statistics (ONS) said in its first estimate today.

Syndicate Asset Management has offloaded its institutional fixed income asset arm for £2.1m as the group continues to shift its focus on to wealth management.

BP profits fell 2% to £3.32bn in Q1 2011, as the oil giant sold assets to pay for the clean-up operation from last year's Deepwater Horizon disaster.

Barclays reported pretax profits fell 9% to £1.66bn in Q1 2011, down from £1.82bn in Q1 2010.

Standard & Poor's has cut Japan's sovereign rating outlook to 'negative' following the devastation caused by last month's earthquake and tsunami.

HMRC has offered employers who use employee benefit trusts (EBTs) the chance to settle upcoming tax liabilities with no further questions before the trusts become illegal.

Aviva has called on the government to offer incentives to employers who offer workplace health and rehabilitation services to address sickness absence.

Greek bond yields rose sharply again today as the country's fiscal situation was revealed to be more precarious than feared.

Wealth adviser Towry has announced a loss of £7.5m for 2010, citing the "exceptional cost" of integrating Edward Jones into the business.