News

Royal London went into the black in 2009, with the group boosted by pensions sales and a strong take-up of its Ascentric wrap.

Henderson's Stephen Peak remains comfortable with his near 12% stake in Gartmore despite seeing the fund manager's share price slide more than 30% this week.

The FTSE rose by 0.3%, or 14 points, to 5686.32 this morning, buoyed by fighting talk from British Sky Broadcasting.

Gartmore shares have rebounded after the fallout from the suspension of star manager Guillaume Rambourg sent them tumbling last night and early this morning.

The financial crisis has cost the British economy up to £7.4trn in lost output, according to the Bank of England.

Midas Capital will sell off £62m in Guernsey and South African-based offshore funds over the next month in the final disposal of its non-core assets.

Gartmore's Guillaume Rambourg is being investigated for favouring certain brokers when carrying out dealings, Reuters understands.

The sudden drop in Gartmore's share price following the announcement yesterday of fund manager Guillaume Rambourg's suspension has been illustrated in a dramatic 'cliff edge' graph.

Part-nationalised banks led declines on the FTSE in late Tuesday trading amid concerns about what the Government plans to do with its stakes in them after the General Election.

The Treasury has published a discussion paper on how building societies access capital, detailing options for securing the industry's long-term stability.