News

Invesco Perpetual head of investments Neil Woodford says it is 'reckless' to believe BP's $20bn compensation package will mark the end of the oil giant's worries.

BP is trying to raise $50bn to cover the cost of the Gulf of Mexico disaster, while the oil giant is also preparing to sue a partner in the Deepwater Horizon rig.

The Government has established an independent commission to look at ways of reducing the costs of public sector pensions.

Morgan Stanley has reissued four of its core structure products.

Aegon UK has denied a report suggesting its Dutch parent is preparing to offload its British life and pensions business for £1.5bn.

Hector Sants told FSA staff in a memo he hoped his decision to remain with the regulator would be a "welcome one".

A broker consultant is offering to pay advisers to hear them pitch its client's product.

BP has suffered its third downgrade this week, Moody's cutting its credit rating by three notches.

Medicals Direct has announced its expansion into mainland Europe with the formation of two joint ventures.

The UK Government's public sector borrowing fell below expectations in May, according to ONS figures released today.