News

Public sector net borrowing hit £14.5bn in June, marginally below the shortfall of £14.7bn one year earlier but still worse than economists had expected.

Aviva's Jeremy Charles has joined Scottish Widows Investment Partnership (Swip) as an investment director on the UK equities team.

Gross mortgage lending rose 15% last month, but experts attribute the increase to "seasonal pick-up".

The Government will continue its Mortgage Rescue Scheme to stave off rising repossession numbers, but has announced plans to cut its funding as it searches for ways to ensure it delivers better value for money.

Goldman Sachs has angrily defended itself against a public campaign claiming the bank is exacerbating global food crises through its commodity trading operations.

The Chancellor will today unveil plans to reform Britain's tax system in a bid to reduce the burden of red tape on businesses and attract more international investment.

Sterling hit a seven-week low against the euro yesterday as the single currency shrugged off Ireland's ratings downgrade and continued concerns on Hungary.

Osmosis Investment Management has announced its climate solutions ETF is now quoted in sterling as well as US dollars on the London Stock Exchange.

The IMA has approved 49 offshore funds for entry into its sectors in the second wave of additions.

Advisers could face using approved scripts when selling protection after criticism about poor intermediary product explanations by the FSA.