News

The FTSE was down in early morning trading by 21.35 points (0.40%) at 5292.46, as markets remain cautious awaiting the latest UK GDP reading - due at 9:30am - and EU bank stress test results due after close of business today.

Several of Spain's 18 savings banks have failed tests to see how they would cope with worsened economic conditions, according to reports.

British taxpayers stand to make a £5bn profit from insuring the toxic assets of RBS and Lloyds, despite not yet having paid a penny.

The Chartered Insurance Institute (CII) has elected Allianz Commercial general manager Chris Hanks as president, replacing Barry Smith.

Two men have been jailed over a boiler room scam in which they creamed off 80% of the invested funds.

Employers are "misguided" and could be contributing to health problems for their workforce by encouraging workers to bond down the pub, says a new study.

European-listed ETFs providing exposure to fixed income saw net inflows of $1.5bn in June, while ETFs tracking European equities experienced $1.5bn in net outflows in this month.

Banks led the FTSE 2% higher in late trading on Thursday as positive economic news from the Eurozone eased fears of a double-dip recession.

Advisers looking to sell out before 2012 will need to ensure their business is RDR-ready to stand a chance of attracting a buyer, says 1st Exchange.

The maximum award the financial Ombudsman (FOS) could order firms to pay in client redress may double to £200,000, a City law firm suggests.