News

Head of iShares International Rory Tobin has left the firm and Mike Latham has been appointed global head of iShares.

The UK economy is recovering but progress is sluggish, the latest GDP figures from the ONS suggest.

The number of UK-listed companies issuing profit warnings fell to the lowest level in about seven years during the second quarter.

BP is gearing up to unveil a $40bn (£26.5bn) defence strategy in the teeth of growing speculation US predators have been given the green light by Washington to swoop on the British company.

The FTSE 100 edged higher in early morning trading, up 0.31% or 15.80 points to 5,148.74.

HSBC, Barclays and RBS are among 15 Wall Street banks accused by a US investment firm of mis-selling a total of $2.4bn (£1.6bn) in mortgage-backed securities.

Private equity firm JC Flowers has stepped in to help the embattled building society sector by setting up a rescue deal for Kent Reliance.

Two members of a 21-strong tax fraud gang have been ordered to re-pay £92.3m, in the biggest ever confiscation order secured by HMRC.

BP faced fresh takeover speculation on the weekend after the Obama administration reportedly told ExxonMobil it would not stand in the way of a takeover bid for its troubled British rival.

Chancellor George Osborne is considering dropping the Pre-Budget Report from the coalition Government's roster of economic events.