News

The UK unemployment rate rose to 8% in the three months to the end of January, lead by the highest number of out of work young people since records began.

Moody's has downgraded Portugal's government debt two more notches because of "subdued" growth prospects.

Lloyds TSB plans to launch a mortgage for borrowers with a 5% deposit and backed with an equity loan from a local authority.

Members of the Bank of England court revealed yesterday they are "uncomfortable" with governor Mervyn King's involvement in politics.

Wealth manager Brooks Macdonald took a £545,000 hit from the FSCS levy last year but profits before tax for the six months to 31 December 2010 still rose 24% to £3.06m.

UK blue chips made small gains in early trading after heavily sold-off Japanese shares ended a three-day rout to climb sharply overnight.

Rathbones' David Coombs is adding Japanese stocks to his portfolio in the view its economy will rebound quickly from the aftermath of last week's devastating earthquake and tsunami.

MPs are calling for evidence from the industry after launching an inquiry into the level of financial education in primary and secondary schools.

A mortgage broker who pleaded guilty to 16 counts of fraud has had his sentencing delayed because the judge was ‘not on duty'.

UBS is being investigated by US regulators for allegedly manipulating Libor, the rate at which banks lend to each other.