News

Norwich & Peterborough (N&P) has agreed to pay compensation directly to all customers it sold Keydata products totalling £57m, exceeding the building society's previous outside estimates for the bill.

Bupa has announced it will no longer sell corporate private medical insurance (PMI) schemes which feature overall cost or time limits for cancer treatment.

The FSA has claimed it is successfully changing the behaviour of small firms and is on target to double the number delivering fair outcomes to customers.

A group of nuns are suing the Boston Archdiocese and their cardinal and have demanded $1.4m out of their pension pot.

Investing in commodities through ETPs tracking futures helps stimulate supply in the underlying assets, says S&P head of commodity indices Mike McGlone.

Inflation increased at its fastest pace in more than two years last month, mounting further pressure on the Bank of England to hike interest rates.

Cash flows into Japan equity funds last week were dominated by ETFs, with eight Japanese equity tracker funds pulling in $936.8m in the seven days to Wednesday, according to Lipper.

European stock markets are subdued in early trading and have been unable to mirror the overnight gains made in Asia and the US.

Forecasts for corporate earnings growth in Europe and leading emerging markets are being scaled back by analysts.

The "wrong kind of inflation" will mean the government has to borrow significantly more over the medium term than planned, George Osborne will be forced to admit in the Budget.