News

Threadneedle absolute return and currency managers Peter Allwright and Stuart Frost are to join RWC as the firm continues its recruitment drive.

Lloyds is to slash 650 jobs across the UK with insurance and back office-based staff in Nottingham and Chester hardest hit.

Besieged BP's share price soared 9% this morning as markets weighed up its value as a takeover target as the current oil spill debacle subsides.

Resolution says it will go ahead with a £2bn rights issue later this month even if the Axa deal falls through, as the proceeds can be used to fund other acquisitions.

Thames River Capital's multi-manager team is adding 20 new IFA firms a month to its client list which has helped it breach the £500m AUM mark.

First Complete chief executive Gerry O'Brien has left the network with immediate effect.

Charges against the London mortgage broker who walked into the England football players' dressing room after the World Cup match against Algeria have been dropped.

Annual house price growth fell for the second consecutive month to 8.7% in June and is likely to continue to drop as measures announced in the emergency Budget hit finances, Nationwide says.

The FTSE 100 index opened slightly up this morning, in a fragile recovery from yesterday's mammoth losses which saw it hurtle south of the 5,000 mark.

George Osborne's austerity budget will cause 1.3m job losses over the next five years according to Treasury figures.