News

The ABI has appointed Aviva Investors chief executive Alain Dromer as chairman of its Investment Committee, effective from 15 September.

The cost of capital for companies with controversial environmental and human rights records should be higher than more ethical companies, says Aviva Investors.

Chancellor George Osborne has called for a tight rein on pay and bonuses and increased lending from the banks as they prepare to announce a recovery in profits this week.

The FSA's new bonus rules are "fraught" with legal problems which could lead to endless challenges through the courts, PricewaterhouseCoopers (PwC) warns.

Invesco Perpetual star manager Neil Woodford has committed $25m to a AIM-listed vehicle which will make investments in troubled African nation Zimbabwe.

Alan Greenspan, the former chairman of the Federal Reserve, believes the US economy still faces the threat of the dreaded double dip recession.

Nine out of ten of the best two and three-year mortgages are only available direct to consumers, according to moneysupermarket.com.

Chinese hedge fund manager Li Lu may be Warren Buffett's successor at Berkshire Hathaway.

Legal & General has applauded the "laudable ambitions" of today's 21st Century Welfare consultation paper and believes the protection industry is the perfect partner to assist the Government in welfare reform.

UPDATE: The FTSE has bounced back from heavy losses earlier this afternoon on the back of weak GDP figures from the US.