News

The FTSE opened more than 1% higher on Thursday after Wall Street rallied the most in six weeks to edge back above the 10,000 point barrier.

The IMF has raised its estimate for global growth this year by 0.4% to 4.6%, reflecting a stronger-than-expected first half.

Updated 2pm: The FTSE posted triple-digit gains in afternoon trading today as renewed optimism about the banking sector buoyed investor sentiment.

Invesco Perpetual's European equity income specialist Katharina Hoyland will leave the group in November.

Lord Ashcroft, the former Conservative deputy chairman, has given up his non-dom status to remain in the House of Lords.

The Chartered Insurance Institute (CII) has banned Peter Sprung from membership for five years and ordered him to pay a fine.

Banks are forcing victims of payment protection insurance (PPI) mis-selling to take their claim to the Financial Ombudsman Service (FOS), when they could resolve the disputes immediately.

The FSA has fined three partners at a Sheffield-based IFA for supervisory failures which left a fourth free to commit financial crime.

IFAs around the world have responded positively to the challenges of the financial crisis and welcome stricter regulations, according to the Association of International Life Offices (AILO).

The average daily number of ETF and ETC trades on the London Stock Exchange has risen by 45% year-on-year to reach 16,420.