News

Lyxor Asset Management has launched its S&P 500 ETF on the London Stock Exchange, along with two other funds tracking Australian and Canadian benchmarks.

Former RBS executive director Johnny Cameron has been banned from taking any more top City jobs following an FSA investigation into RBS's investment banking arm.

The Consumer Prices Index (CPI) hit a 17-month high of 3.7% in April, forcing Bank of England Governor Mervyn King to write to new Chancellor George Osborne to explain why.

Commerzbank and Deutsche Bank have listed S&P 500 ETFs on the Xetra exchange in Germany.

Schroder Income fund managers Nick Purves and Ian Lance are leaving the company to join boutique RWC Partners.

The FTSE has made steady gains in afternoon trading as London shares were buoyed by the Dow's positive start to trading and concerns over the EU debt fallout subsided.

UK inflation probably accelerated to a three-month high in April as higher energy costs and the weakness of the pound stoked prices enough to prompt a letter of explanation from Bank of England Governor Mervyn King.

Two investors seeking the immediate return of their money from a bank linked to US Ponzi swindler Bernard Madoff had their request turned down by a Dutch court yesterday.

Jupiter Asset Management has unveiled plans to list on the London Stock Exchange next month, which could potentially value the group at up to £1bn.

Warren Buffett's Berkshire Hathaway cut its stake in Kraft by 23% in Q1 after saying the food giant made a number of "dumb" moves in acquiring Cadbury.