News

Prudential is closing its money market Maximum Income Trust next month after large investors planned to redeem their holdings.

The Arsenal boardroom power struggle could heat up after the club's fourth-largest shareholder appointed a firm to find a buyer for her shares.

Euphoria over a joint EU-IMF rescue deal for Greece worth €45bn (£39.8bn) appears short-lived, after angry reactions in Germany and continued concerns among bond investors any bail-out merely delays the worst.

Homeowners are rushing to put their properties up for sale in a bid to beat the General Election, surveyors said.

Skandia has added the Axa platform's bundled and unblundled charging structure to its Platformwatch tool, bringing to seven the number of platforms IFAs can now compare prices on.

A report has criticised Iceland's authorities for failing to lessen the damage of the collapse of its banking system collapse and for "missing an opportunity" to protect UK depositors.

Young people have a "deep mistrust" of financial services and are turning to family and friends for financial advice rather than qualified advisers, research suggests.

Meteor Asset Management has dropped the ISA option from its new kick-out product over uncertainty about its eligibility.

The Dow Jones opened above 11,000 for the first time since September 2008 as investor confidence surged on the back of an agreement to provide a loan package for Greece.

ETFs are making inroads in the US institutional space, despite being typically thought of as a retail product in the US, according to a new survey by consultant Greenwich Associates.