News

Brooks Macdonald, the financial planning and asset management group, will pay an interim dividend for the first time this month as pre-tax profits almost doubled in the second half of 2009.

Investors are rushing to sell shares and property ahead of the Budget on 24 March, believing Alistair Darling will raise capital gains tax (CGT) rates.

Government plans to cut the budget deficit are not ambitious enough, a European Commission report will say on Wednesday.

The FTSE 100 was up 0.65% or 36.43 points to 5,630 early this morning as the rumoured RBS debt restructuring boosts financial stocks.

RBS could buy back £10bn of debt in an attempt to boost its capital strength and its standing with bond investors.

Moneygate - recently linked to Alpha to Omega (A2O) - has unveiled a three-year expansion plan after securing a capital injection from MGT Capital Investments UK.

Equitable Life victims have rejected Sir John Chadwick's compensation review, calling it a ‘cover-up'.

Mike Riddell has been named as the new lead manager on three M&G retail fixed income funds, replacing Jim Leaviss.

IFAs face a "race against time" to get in shape for the RDR, with some exhibiting glaring gaps in their knowledge of new qualification requirements, recent research suggests.

Adviser Alliance founder Alan Lakey says the £70m additional levy imposed on intermediaries for the failures of Keydata and two stockbrokers "goes against the spirit of the law" - but is confident the FSCS will re-think its decision.