News

The computer contract for administering the National Employment Savings Trust - signed by the Labour government just months before they left office - will cost £600m.

The computer contract for administering the National Employment Savings Trust - signed by the Labour government just months before they left office - will be re-examined, David Laws says.

The coalition Government is set to detail how it plans to make £6n in spending cuts this year at its first Budget on Tuesday 22 June.

Standard & Poor's has licensed its S&P 500 index to seven ETF issuers to serve as the underlying for a range of new funds.

Chancellor George Osborne will today create an independent fiscal watchdog to rectify what he claims are "fixed" Treasury forecasts.

HSBC Asset Management has launched an ETF tracking the S&P 500 index on the London Stock Exchange (LSE).

The Government is unlikely to push for the break-up of the UK's major banks and instead will favour new guidelines to govern the relationship between retail and investment arms.

Man Group has agreed a deal to acquire GLG Partners for $1.6bn.

Prudential has revealed the terms of its £14.5bn cash call, with the issue price set at more than an 80% discount to the insurer's closing level on Friday.

French President Nicolas Sarkozy threatened to exit the euro unless German Chancellor Angela Merkel backed the EU's €750bn safety net for the single currency.