News

Britain's economy is better but is "still stuffed to the eyeballs with toxic substances", warns a senior HSBC economist.

The Dow Jones closed higher at 10611.81, up 44.51 points (0.42%), marking its third day of rises and its highest closing level since January 19.

Bestinvest founder and CEO John Spiers is to step down as CEO to be replaced by Peter Hall from UBS Wealth Management.

A one-year investigation into the collapse of Lehman Brothers has found evidence top executives including Dick Fuld approved misleading financial statements.

The Chancellor has signalled his next Budget will not be a "giveaway".

The FTSE was sharply down in afternoon trading at 5609.61, down 30.96 (0.55%), as mining woes and disappointing US weekly jobs figures pared back yesterday's gains.

Hedge fund manager Qbasis Invest is launching an ETF based on its flagship fund in Europe at the start of next month.

A former broker at the Queen's stockbroker Cazenove has been handed a 21-month prison sentence for insider dealing in the shares of three UK companies.

John Husselbee's North Investment Partners has constructed its own structured note to effectively short government bonds across the manager's range of multi-manager funds.

The FSA plans to create a new consumer protection committee tasked with "scanning" the market for emerging risks.