News

RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m.

The FTSE 100 had a slow start to the week, down 0.32% or 18.43 points to 5,684.94, following mixed sessions in Asia and the US.

The Bank of England is likely to increase its quantitative easing programme by £100bn to aid the economy as the government cuts spending, the Centre for Economics and Business Research says.

The leaders of 35 of the UK's biggest companies have expressed their support for the government's plans for spending cuts running into billions of pounds.

Financial secretary to the treasury Mark Hoban is heading up Tisa's annual conference next month.

The UK recovery is losing momentum and will slow over the winter but chances of a double-dip recession are "exaggerated", according to the Ernst & Young ITEM Club.

Sammedia has integrated its online valuation offering Moneyinfo with Cofunds.

The government is expected to announce this week it will treble proposed compensation payouts to Equitable Life policyholders to £1.5bn.

Norwich & Peterborough Building Society (N&PBS) has joined forces with US hedge fund CarVal in a last ditch bid to save cash-starved Lifemark from liquidation.

The index of 100 leading shares has closed down on the day, with major insurers the biggest drag on markets.